Treasury
3-MO 3.90% +6bp 6-MO 4.02% +8bp 1-YR 4.15% +11bp 2-YR 4.34% +14bp 3-YR 4.41% +11bp 5-YR 4.48% +10bp 7-YR 4.59% +7bp 10-YR 4.73% +6bp 20-YR 5.21% +3bp 30-YR 5.22% +3bp 3-MO 3.90% +6bp 6-MO 4.02% +8bp 1-YR 4.15% +11bp 2-YR 4.34% +14bp 3-YR 4.41% +11bp 5-YR 4.48% +10bp 7-YR 4.59% +7bp 10-YR 4.73% +6bp 20-YR 5.21% +3bp 30-YR 5.22% +3bp 3-MO 3.90% +6bp 6-MO 4.02% +8bp 1-YR 4.15% +11bp 2-YR 4.34% +14bp 3-YR 4.41% +11bp 5-YR 4.48% +10bp 7-YR 4.59% +7bp 10-YR 4.73% +6bp 20-YR 5.21% +3bp 30-YR 5.22% +3bp 3-MO 3.90% +6bp 6-MO 4.02% +8bp 1-YR 4.15% +11bp 2-YR 4.34% +14bp 3-YR 4.41% +11bp 5-YR 4.48% +10bp 7-YR 4.59% +7bp 10-YR 4.73% +6bp 20-YR 5.21% +3bp 30-YR 5.22% +3bp 3-MO 3.90% +6bp 6-MO 4.02% +8bp 1-YR 4.15% +11bp 2-YR 4.34% +14bp 3-YR 4.41% +11bp 5-YR 4.48% +10bp 7-YR 4.59% +7bp 10-YR 4.73% +6bp 20-YR 5.21% +3bp 30-YR 5.22% +3bp 3-MO 3.90% +6bp 6-MO 4.02% +8bp 1-YR 4.15% +11bp 2-YR 4.34% +14bp 3-YR 4.41% +11bp 5-YR 4.48% +10bp 7-YR 4.59% +7bp 10-YR 4.73% +6bp 20-YR 5.21% +3bp 30-YR 5.22% +3bp
US Treasury par yield curve · Aug 28 · Source: U.S. Treasury
Monday, August 31, 2026
U.S. Edition
MONEY & WORLD
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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

Money & World
The Editorial Team ·
Four banks of industrial cooling fans mounted along the plain exterior wall of a warehouse beneath a blue metal roof. Stock photo
Stock photo. Not the actual scene. Photo: Victor Moragriega / Pexels

SLB agreed on Monday to acquire Kelvion, a maker of heat exchangers and thermal management equipment, from Apollo-managed funds and funds advised by Triton. The price is approximately $3.4bn in cash, and SLB will assume approximately $700m of debt.

That makes the stated transaction value about 11 times Kelvion's estimated 2026 EBITDA before synergies. SLB puts the multiple at about 8.5 times after including the annual run-rate synergies it expects.

The forecast matters.

SLB expects approximately $120m of annual EBITDA synergies within three years from cost savings and additional revenue. It also expects the transaction to add to earnings per share and free cash flow per share during the first 12 months after closing.

The company expects the deal to close in the first half of 2027, subject to customary conditions and regulatory approvals.

The document: SLB, Form 8-K and Exhibit 99.1, filed 31 August 2026.

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