SLB to acquire Kelvion from Apollo and Triton for $3.4bn

Global energy technology company SLB has announced it will acquire heat exchanger manufacturer Kelvion for approximately $3.4 billion, assuming $0.7 billion in debt. The deal involves purchasing majority shares from Apollo-managed funds and minority interests from Triton.

“Heat exchanger product manufacturer Kelvion is set to be acquired by global energy technology company SLB for approximately $3.4bn and will assume approximately $0.7bn of debt. SLB, formerly known as Schlumberger, will acquire the majority shares owned by Apollo-managed funds as well as minority interest held by Triton.”

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