Company profile • Company
SLB
An energy technology group building a data-center infrastructure business, and the agreed buyer of heat-exchanger maker Kelvion.
Direct answer
What this record says
SLB is a cooling supplier headquartered in Houston, Texas, United States. This record tracks no products of theirs and no deployments it is named in. Last reviewed Aug. 31, 2026 against 3 sources.
- Headquarters
- Houston, Texas, United States
- Ownership
- Public
- Architectures
- 2 architectures
- Evidence state
- Source checked
Company brief
What SLB does
SLB is an oilfield and energy technology company. It has been assembling a data-center infrastructure business, and it enters this record set through a transaction rather than through a product. On 31 August 2026 it announced a signed agreement to acquire Kelvion.
The price is about $3.4 billion in cash plus about $0.7 billion of assumed debt. The sellers are Apollo-managed funds, which hold the majority, and funds advised by Triton, which hold a minority interest. SLB put the price at roughly 11 times estimated 2026 earnings before interest, tax, depreciation, and amortization.
Counting expected annual run-rate synergies, it put the multiple at about 8.5 times. It also said the combined data-center solutions business should reach $4.5 billion to $5 billion of revenue in 2028. Those are the company's own projections and should be read as such.
What the transaction would buy is facility thermal hardware. That means heat exchangers and outdoor heat-rejection equipment in the plant, not cold plates on processors. SLB argues that it can pair that hardware with its own design, engineering, and modular manufacturing.
It says it could then quote cooling from first design through deployment. That is a strategy, not a capability this record set has evidence for. SLB has no product or deployment record here.
Until the deal closes, SLB is not a cooling supplier, and Kelvion is still sold and serviced by Kelvion. Evidence worth watching: regulatory clearance, a stated closing date, joint reference designs, and the first project where SLB rather than Kelvion holds the equipment contract.
Use the connected product and deployment records to distinguish a stated capability from evidence that the company has delivered it.
Visit company website- Company type
- Diversified industrial group
- Headquarters
- Houston, Texas, United States
- Founded
- Not disclosed
- Ownership
- Public
- Market listing
- NYSE: SLB
- Evidence status
- Source checked
Ownership
Pending and recorded transactions
Each transaction is recorded as a dated event. Ownership on this record changes when a deal closes, not when it is announced.
- Pending closeAcquisition
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.
- Target
- Kelvion
- Stake on closing
- 100%
- Stated value
- US$4.1 billion
- Debt assumed
- US$700 million
- Effective
- First half of 2027, subject to regulatory approvals
- Sellers
- Apollo-managed funds; Funds advised by Triton
Capability matrix
What SLB can be shown to do
Stated capability, tracked products, and recorded projects are three different facts. A blank cell means this database has no record of it yet, not that the company does not do it.
| Architecture | Equipment categories | Tracked products | Recorded projects |
|---|---|---|---|
| Hybrid air and liquid cooling | — | — | — |
| Dry cooling | 2 | — | — |
Connected records
Cooling technologies
Hybrid air and liquid cooling
Liquid takes the heat off the processors while air handles the rest of the rack. Almost every liquid-cooled hall works this way.
Dry cooling
Fans blow outside air across a coil to dump the heat. No water is consumed.
Connected records
Equipment categories
Evidence ledger
Sources and evidence
The links below show where the factual claims came from. Supplier specifications remain supplier-reported unless the record names independent operating evidence.
- 01
- 02SLB expands data center business with $4.1 billion deal for Kelvion
Reuters · Aug 31, 2026
- 03
Record information
- Record ID
- DCC / COMP / SLB
- Record reviewed
- Aug. 31, 2026
- Newest source published
- Aug. 31, 2026
- Record first published
- Aug. 31, 2026
- External sources
- 3
- Search visibility
- Withheld until the gaps below are closed
Required fields this record has not addressed yet, most important first:
- Tracked products
- Tracked deployments
- Founded
Why this record is withheld from search:
- A company record needs at least one connected product or deployment.
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Comparable companies
Records covering the same cooling architecture, most-evidenced first.
Add two or more, then open the comparison to see every stated claim, its duty point, and its source side by side.
Provenance
Record timeline
Each event that changed this record, with the report that explains it.
- Ownership changedownership: 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 2027
- Connection addedConnected records: added Kelvion
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