On September 1, SLB Ltd fell 3.07% in regular trading, trading at $58.195/share, with turnover of $297 million. The pullback came as the market digested the company's announcement of a definitive agreement with Apollo Global Management to acquire thermal management and heat exchange technology firm Kelvion for approximately $4.1 billion.

Under the terms of the deal, SLB Ltd will pay $3.4 billion in cash and assume approximately $700 million of Kelvion's existing debt. Kelvion is a global leader in advanced cooling solutions, with data centers now its fastest-growing end market, contributing more than half of its total sales. SLB Ltd expects the transaction to be accretive to earnings per share and free cash flow per share within the first 12 months post-closing, with approximately $120 million in annual EBITDA synergies projected within three years. The company has also set a data center business revenue target of $4.5 billion to $5.0 billion by 2028. The stock had risen 3.26% the prior session on the initial announcement, and the current session decline reflects typical post-announcement profit-taking as investors reassess the acquisition's financial impact.

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