Energy technology firm SLB said it is acquiring rival Kelvion for about $3.4 billion, among the latest ripple business effects of the global data center development boom.
Energy tech firm SLB to buy rival in $3.4 billion bid to expand data center presence
Planned acquisition of Kelvion stems from rapid buildout of AI facilities
By Lou Hirsh
CoStar NewsAugust 31, 2026 | 7:59 P.M.
RELATED ARTICLES
This news story is available exclusively to CoStar subscribers.
Watch the video to learn how you can access industry leading CRE news and the data analytics you need to drive success.
This news story is available exclusively to CoStar subscribers.
Ready to Learn More?
Sign Up For a Personalized Demo.
Sign Up For a Demo To Learn More.
Already A Subscriber? Sign In