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FinanceOil Drilling Firm to Acquire Kelvion for $4.1B to Boost Data Center Business
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An oil drilling and production company has agreed to acquire Kelvion, a thermal management company, for $4.1 billion. The acquisition is aimed at strengthening the buyer's growing data center business. The deal highlights the increasing convergence between traditional energy companies and the digital infrastructure sector, as data centers require advanced cooling and thermal management solutions. The transaction is expected to close pending regulatory approvals.
Source report
The oil drilling and production company has agreed to acquire thermal management company Kelvion for $4.1 billion, in a move aimed at strengthening its growing data center business.
Source
Source
WSJWestern
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SLB acquires data center cooling firm Kelvion for $4.1 billion to target AI infrastructure