Apollo, Triton agree to sell Kelvion to SLB for $4.1bn
Kelvion, a developer of thermal management technology for data centers and diversified industrials, has made data centers its largest and fastest-growing segment under its current ownership. The post Apollo, Triton agree to sell Kelvion to SLB for $4.1bn appeared first on PE Hub .
Apollo-managed funds and funds advised by Triton have agreed to sell Kelvion, a thermal management technology developer, to SLB for approximately $4.1bn. The deal includes $3.4bn in cash and the assumption of around $700m of debt. SLB will acquire 100% of Kelvion.
Kelvion's largest and fastest-growing segment is data centers, according to Private Equity Wire. The company develops and manufactures thermal management systems used across data centers, industrial applications, and energy infrastructure.
The transaction is expected to close during the first half of 2027, subject to regulatory approvals and other customary conditions. Apollo became the majority owner of Kelvion in January 2026.
Brief written by urgent.news from PE Hub, Private Equity Wire — 2 reports on this story. Machine-written — may contain errors; check the original before relying on it.
Also reported by 1 other outlet
- Apollo agrees $4.1bn sale of Kelvion to SLB privateequitywire.co.uk
