SLB Makes $3.4 Billion Bet on AI Data Center Boom
The world’s largest oilfield services company is spending $3.4 billion to expand into the infrastructure behind the AI power boom. SLB said Monday it will acquire German cooling equipment maker Kelvion, more than doubling the revenue opportunity per gigawatt of delivering capacity, according to the company.
Why It Matters
This story touches on slb, billion, boom — topics readers are actively tracking. Review and add editorial context before publishing.
Key Facts
- Fact 1: The world’s largest oilfield services company is spending $3.4 billion to expand into the infrastructure behind the AI power boom.
- Fact 2: SLB will pay approximately $3.4 billion in cash to acquire Kelvion and assume another $700 million of debt.
- Fact 3: The transaction is expected to close in the first half of 2027, subject to regulatory approvals.
- Fact 4: SLB expects $120 million in annual EBITDA synergies within three years.
The world’s largest oilfield services company is spending $3.4 billion to expand into the infrastructure behind the AI power boom. SLB said Monday it will acquire German cooling equipment maker Kelvion, more than doubling the revenue opportunity per gigawatt of delivering capacity, according to the company.
SLB will pay approximately $3.4 billion in cash to acquire Kelvion and assume another $700 million of debt. The transaction is expected to close in the first half of 2027, subject to regulatory approvals. SLB expects $120 million in annual EBITDA synergies within three years.
(Original synthesis pending human/AI review — generated by the stub provider by selecting real sentences from the source material, not by writing new analysis or commentary.)