Records reviewed Sept. 3, 2026

2026 thermal briefRSS
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Events
2
Records touched
4
Weeks covered
1

Week of Aug. 31, 20262 events

  1. Sept. 3, 2026M&ARecorded

    LITEON buys a quarter of DCX for about 176 million dollars

    LITEON Technology agreed to a strategic investment giving it approximately 25% of DCX POLSKA, at a stated total transaction value of approximately US$176 million. DCX remains majority-held by its existing owners; the stake takes effect on closing.

    • Ownership changedDCX Liquid Coolingownership: Privately held by its founders and existing investors → Privately held; LITEON Technology agreed on 3 September 2026 to acquire approximately 25% for a stated US$176 million, subject to regulatory and closing conditionsLITEON Technology agreed to a strategic investment giving it approximately 25% of DCX POLSKA, at a stated total transaction value of approximately US$176 million. DCX remains majority-held by its existing owners; the stake takes effect on closing.
    • Connection addedLITEON TechnologyConnected records: added DCX Liquid CoolingLITEON Technology agreed to a strategic investment giving it approximately 25% of DCX POLSKA, at a stated total transaction value of approximately US$176 million. DCX remains majority-held by its existing owners; the stake takes effect on closing.

  2. Aug. 31, 2026M&ARecorded

    SLB agrees to buy Kelvion in a 4.1 billion dollar cooling deal

    SLB agreed to acquire 100% of Kelvion from Apollo-managed funds and funds advised by Triton for approximately $3.4 billion in cash plus approximately $0.7 billion of assumed debt. Ownership does not change until the transaction closes, which the parties expect in the first half of 2027.

    • Ownership changedKelvionownership: Apollo-managed funds (majority) and funds advised by Triton (minority) → Apollo-managed funds (majority) and funds advised by Triton (minority); pending acquisition by SLB announced 31 August 2026, expected to close in the first half of 2027SLB agreed to acquire 100% of Kelvion from Apollo-managed funds and funds advised by Triton for approximately $3.4 billion in cash plus approximately $0.7 billion of assumed debt. Ownership does not change until the transaction closes, which the parties expect in the first half of 2027.
    • Connection addedSLBConnected records: added KelvionSLB agreed to acquire 100% of Kelvion from Apollo-managed funds and funds advised by Triton for approximately $3.4 billion in cash plus approximately $0.7 billion of assumed debt. Ownership does not change until the transaction closes, which the parties expect in the first half of 2027.

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