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Apollo Buys Majority Stake in Kelvion to Boost Data Center Cooling - HostingJournalist.com
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Apollo Buys Majority Stake in Kelvion to Boost Data Center Cooling - HostingJournalist.com
Apollo-managed funds will acquire a majority stake in Kelvion, a century-old Germany-based provider of energy-efficient heat exchange and cooling solutions, from funds advised by Triton, which will retain a minority share. Kelvion has evolved into a key player in advanced thermal management, with data center cooling now its largest and fastest-growing business segment.Kelvion also serves industries central to the energy transition, including car…
Kelvion has a new owner: Triton sells the heat exchanger specialist to Apollo, but retains a minority stake. The company belonged to the Triton portfolio for more than ten years.
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