On September 9, SLB Ltd rose 3.02% in regular trading, trading at $58.885/share, with turnover of $34.45 million. The stock continued to gain momentum following a series of strategic developments centered on its data center expansion.

On the news front, SLB recently announced a definitive agreement to acquire Kelvion, a global leader in thermal management and cooling solutions, from Apollo-managed funds for approximately $4.1 billion in cash, including the assumption of roughly $700 million in debt. Kelvion's data center business already accounts for over half of its total revenue. SLB targets $4.5 billion to $5.0 billion in data center revenue by 2028 and expects the deal to be accretive to EPS and free cash flow per share within 12 months, generating approximately $120 million in annual EBITDA synergies within three years. UBS maintained a buy rating with a $66 price target, noting the acquisition builds a more integrated data center offering alongside SLB's Liberty Energy partnership. Additionally, S&P Global completed the sale of its upstream energy software portfolio to SLB, further strengthening its digital technology capabilities.

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