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Market Impact: 0.55
SLB to Buy Data Center Cooling Firm Kelvion for $3.4 Billion
Source: Bloomberg
M&A & RestructuringTechnology & InnovationCompany Fundamentals
SLB agreed to acquire data-center cooling solutions provider Kelvion from investors including Apollo Funds for $3.4 billion in cash. The all-cash purchase price signals an expansion into data center infrastructure, which is likely to be viewed as strategically positive for SLB despite deal-execution and funding considerations. Overall impact is expected to be sector-relevant for data-center cooling and industrial/energy services peers.
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