SLB, Form 8-K and Exhibit 99.1, 31 August 2026
SLB is paying $3.4bn for a cooling company and taking on another $700m of debt to move deeper into data centres
SLB agreed to buy Kelvion for about $3.4bn in cash and assume about $700m of debt. It forecasts $120m of annual EBITDA synergies within three years and a first-half 2027 close.