SLB to Acquire Kelvion from Apollo and Triton Funds

SLB has signed an agreement to acquire Kelvion, a thermal management provider, for approximately $4.1 billion including debt. The target is currently owned by majority stakeholder Apollo-managed funds and minority stakeholder Triton-advised funds.

“SLB has agreed to acquire Kelvion from Apollo-managed funds, the company’s majority owner, and funds advised by Triton, which holds a minority interest.”

Signals are extracted from public coverage and print archives and pinned to a verbatim quote, presented as reported by their sources; naming a company in a signal is not an accusation against it. The verified mark denotes a high-confidence, corroborated signal. See our methodology and legal notes.