secwatch.observer — SEC 8-K summary
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Issuer:     SLB LIMITED/NV (SLB)
CIK:        0000087347
Form:       8-K
Filed at:   2026-08-31T10:58:46+00:00
Accession:  0001193125-26-375358
Event type: m_and_a
Sentiment:  positive
Materiality: 1.00
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SLB to acquire Kelvion for ~$3.4B cash plus $0.7B debt, expanding data center business
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- Acquires Kelvion from Apollo and Triton for ~$3.4B cash plus ~$0.7B debt assumed; ~11x 2026E EBITDA pre-synergies.
- Kelvion 2026E revenue $2.3-2.4B, adj EBITDA $350-400M; data center revenue $1.2-1.3B.
- Expects ~$120M annual EBITDA synergies within 3 years; accretive to EPS and FCF per share in first 12 months post-close.
- Combined 2026 data center revenue >$2B, adj EBITDA ~$300M; targeting $4.5-5B revenue and $700-800M adj EBITDA by 2028.
- Expected to close H1 2027 subject to regulatory approvals; net debt/EBITDA stays within 1.5x target; reaffirms >$4B 2026 shareholder returns.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/87347/000119312526375358/0001193125-26-375358-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/87347/000119312526375358/d106278d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-375358

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer