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Apollo Funds to Sell Data Center Cooling Firm Kelvion to SLB

BloombergPublished Aug 31, 2026

SLB Ltd., the largest oil field service company, will acquire Kelvion, a data center cooling provider, for $3.4 billion in cash plus $700 million debt. The deal, involving Apollo-managed funds and Triton-advised funds, is expected to close in early 2027.

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Apollo Funds to Sell Data Center Cooling Firm Kelvion to SLB

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