Form 8-K · Current report
Schlumberger 8-K, filed Aug 31, 2026
- Filed
- CIK
- 0000087347
- Accession no.
- 0001193125-26-375358
Summary
SLB has signed an agreement to acquire Kelvion, a global provider of thermal management and heat exchange technologies, from Apollo-managed funds and funds advised by Triton for approximately $3.4 billion in cash plus the assumption of about $0.7 billion of debt. The transaction, which SLB says will expand its data center infrastructure business, is subject to customary closing conditions and regulatory approvals and is expected to close in the first half of 2027.
Key points
- Kelvion is expected to generate 2026 revenue of approximately $2.3 billion to $2.4 billion and adjusted EBITDA of approximately $350 million to $400 million, with data center revenue of $1.2 billion to $1.3 billion.
- SLB expects the deal to be accretive to earnings per share and free cash flow per share in the first 12 months after closing, with about $120 million in annual EBITDA synergies within three years.
- SLB is targeting $4.5 billion to $5 billion in revenue and $700 million to $800 million in adjusted EBITDA for its combined data center solutions business in 2028.
- SLB reaffirmed plans to return more than $4 billion to shareholders in 2026 through dividends and share repurchases.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
Items reported
- 7.01Regulation FD Disclosure
- 9.01Financial Statements and Exhibits
From the filing
Item 7.01 Regulation FD Disclosure. On August 31, 2026, SLB Limited (“SLB”) issued a press release announcing that it has signed an agreement to acquire Kelvion, a global provider of thermal management and heat exchange technologies. Under the terms of the agreement, SLB will acquire Kelvion from Apollo-managed funds – the majority owner – and funds advised by Triton, which holds a minority interest, for approximately $3.4 billion in cash and will assume approximately $0.7 billion of debt. A copy of the press release is included with this Form 8-K as Exhibit 99 and is incorporated into this Item 7.01 by reference. …
An excerpt of the text as filed with the SEC, cut for length.
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