Apollo's Strategic Acquisition

In a significant move that underscores the growing importance of thermal management solutions, Apollo Global Management Inc. has announced its decision to acquire a majority stake in Kelvion, a leading German manufacturer in the field. This acquisition, set to finalize between late 2025 and early 2026, marks a pivotal moment in the industry.

Kelvion's Promising Future

Despite the change in majority ownership, Triton Partners, Kelvion's acquirer in 2014, will maintain a minority stake. "Kelvion stands at the forefront of energy-efficient solutions, boasting a global presence and an enviable client roster," remarked Waleed Elgohary, Apollo Climate Equity Partner. He highlighted the company's readiness to capitalize on major trends like the AI and cloud revolution, energy transition, and reindustrialization.

Financial Details Under Wraps

While the exact figures remain undisclosed, industry insiders estimate Kelvion's valuation at approximately €2 billion, signaling the high stakes and potential of this deal.