SLB agreed to acquire thermal management company Kelvion from private-equity funds for $4.1 billion.
The oil drilling and production company said Monday that the acquisition is meant to strengthen its growing data center business.
“This transaction accelerates our ambition to become an industrial technology partner to the data center industry and help customers address the growing infrastructure complexity required to scale AI,” SLB Chief Executive Olivier Le Peuch said.
Read more in the Wall Street Journal here.
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