SLB Limited Announces Agreement to Acquire Kelvion for $4.1 Billion

Details

The total transaction value is approximately $4.1 billion. The acquisition is expected to enhance SLB's position in the thermal management market and is subject to customary closing conditions and regulatory approvals.

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About Schlumberger Limited

Schlumberger Limited is a leading provider of technology and services to the global oil and gas industry. The company's primary function is to supply oilfield services and technology solutions that enhance reservoir performance and improve drilling operations. Schlumberger's offerings span the entire life cycle of energy projects, including drilling, formation evaluation, well completion, and production optimization. It significantly impacts sectors such as exploration and production, providing data and analytics that increase the efficiency and effectiveness of energy extraction. Known for its commitment to innovation, Schlumberger operates in over 120 countries, enabling it to deliver tailored solutions on a global scale. Its role in the financial market is prominent, as it is often considered a bellwether for the energy industry's overall health, influencing both upstream and integrated energy operations. Through its sustainable practices and technological advancements, Schlumberger continues to drive progress within the energy sector.