{
  "id": 4821165,
  "title": "Apollo, Triton agree to sell Kelvion to SLB for $4.1bn",
  "url": "https://urgent.news/2026/09/01/apollo-triton-agree-to-sell-kelvion-to-slb-for-4-1bn",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-01T08:35:39.000Z",
  "source": {
    "name": "PE Hub",
    "slug": "pe-hub",
    "url": "https://www.pehub.com/apollo-triton-agree-to-sell-kelvion-to-slb-for-4-1bn/"
  },
  "original_language": "en",
  "account": null,
  "summary": "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.\n\nKelvion'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.\n\nThe 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.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Private Equity Wire",
        "title": "Apollo agrees $4.1bn sale of Kelvion to SLB",
        "url": "https://urgent.news/2026/09/01/apollo-agrees-4-1bn-sale-of-kelvion-to-slb",
        "published": "2026-09-01T08:07:11.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}