8-KItem 7.01 · Reg FD DisclosureItem 9.01 · Financial Statements
SLB agrees to acquire Kelvion for $3.4 billion in cash
Filed with the SEC on · Summarized by InvestorsBot
SLB will acquire thermal management company Kelvion from Apollo-managed funds and Triton-advised funds for approximately $3.4 billion in cash and assume about $0.7 billion of debt; the transaction is expected to close in the first half of 2027, subject to approvals. Kelvion is expected to generate $2.3 billion to $2.4 billion of 2026 revenue and $350 million to $400 million of adjusted EBITDA, while SLB expects the deal to add $120 million in annual EBITDA synergies within three years and be accretive to earnings and free cash flow per share within 12 months of closing.