When was Kelvion founded?

Kelvion was founded in 1920 and raised its 1st funding round 96 years after it was founded.

Where is Kelvion located?

Kelvion is headquartered in Bochum, Germany. It is registered at KOBALTOWA 2 45-641 OPOLE POLSKA.

Which legal entities is Kelvion associated with?

Kelvion is associated with Kelvion Holding GmbH and 5 others.

How many employees does Kelvion have?

As of Sep 30, 2026, the latest employee count at Kelvion is 2898.

Is Kelvion a funded company?

Kelvion is a funded company, having raised an undisclosed amount across 3 funding rounds to date. The company's 1st funding round was a $***** Grant (prize money) round, raised on Jan 01, 2016.

How much is Kelvion worth?

The last known valuation of Kelvion was $***** as of Aug 14, 2025.

When was the latest funding round of Kelvion?

Kelvion's latest funding was a $***** Grant (prize money) round on Apr 01, 2019, with participation from 1 investor. Its primary sector is Industrial Air Conditioning Systems. Globally, the Industrial Air Conditioning Systems sector has seen $27.5M in funding in 2026 to date.

What is the annual revenue of Kelvion?

Annual revenue of Kelvion is between ₹100 Cr and ₹500 Cr as on Mar 31, 2025

Where does Kelvion rank among its competitors?

Kelvion ranks 4th amongst 80 active competitors, only 1 of which is funded., of which only TAT Technologies is funded and secured an undisclosed amount in Dec, 2023.

Who are the top competitors of Kelvion?

Kelvion's top competitors include TAT Technologies, LU-VE Group and Tema. Among them, TAT Technologies secured the most recent funding round in December, 2023.

Kelvion - 2026 Company Profile, Team, Funding, Competitors & Financials

Q: Is Kelvion an acquired company?

Kelvion got acquired by SLB on Aug 31, 2026.

Kelvion is an acquired company based in Bochum (Germany), founded in 1920. It operates as a Manufacturer of heat exchange solutions for diverse industries. Kelvion has raised an undisclosed amount in funding, with last known valuation of $*****. The company has 80 active competitors, including 1 funded and 16 that have exited. Its top competitors include companies like TAT Technologies, LU-VE Group and Tema.

Company Details

Manufacturer of heat exchange solutions for diverse industries. It designs and produces heat exchangers for applications including data centers, power generation, food and beverage processing, transportation, and chemical manufacturing. The company offers various heat exchanger types, such as plate, shell and tube, and air-cooled condensers, along with related services. Its solutions are tailored to meet specific industry needs, focusing on efficiency and sustainability.

Website: kelvion.com
Social
Phone Number: +49 **********
Registered Address: KOBALTOWA 2 45-641 OPOLE POLSKA

Key Metrics

Founded Year

1920

Location

Bochum, Germany

Stage

Acquired

Latest Funding Round

Grant (prize money), Apr 01, 2019, $*****

Last Known Valuation

$***** as on Aug 14, 2025

Investors

Triton Partners & 1 more

Ranked

4^th among 80 active competitors

Annual Revenue

₹100 - ₹500 Cr as on Mar 31, 2025

Employee Count

2,898 as on Sep 30, 2026

Similar Companies

Advanced Technology Services & 115 more

Exit Details

Acquired by SLB (Aug 31, 2026)

View Kelvion's full profile

Kelvion is associated with 6 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Reports
Mangrove LuxCo IV S.à r.l. CIN: B236349 , Luxembourg, Active	Jul 29, 2019	-	-	-
Kelvion Holding GmbH CIN: HRB14670 , Germany, Active	Oct 24, 2013	-	-
KELVION SPÓŁKA Z OGRANICZONĄ ODPOWIEDZIALNOŚCIĄ CIN: 0000023433 , Poland, Active	Jun 28, 2001	-	-
K.E.L. Invest Program s.r.o. CIN: 28999762 , Czech Republic, Active	Nov 30, 2009	-	-
Kelvion s.r.o. CIN: 04832981 , Czech Republic, Active	Mar 01, 2016	-	-
KELVION INDIA PRIVATE LIMITED CIN: U28129PN2005PTC140270 , India, Active	Mar 24, 2005	₹100 - ₹500 Cr (As on Mar 31, 2025)	248 (As on Feb 29, 2024)

Kelvion got acquired by SLB on Aug 31, 2026 at an acquisition amount of $*****.

Click here to take a look at Kelvion's acquisition in detail

Kelvion has raised funding over 3 rounds. Its first funding round was on Jan 01, 2016. Its latest funding round was a Grant (prize money) round on Apr 01, 2019 for $*****. 1 investor participated in its latest round. Kelvion has 2 institutional investors.

Here is the list of recent funding rounds of Kelvion:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Apr 01, 2019	6940782	Grant (prize money)	3013926	2476910	8674372	2976179
Sep 01, 2018	2157262	Grant (prize money)	4506984	7018615	6293057	5951907
Jan 01, 2016	2118355	Grant (prize money)	5584881	1335837	9636795	Europa

Access funding benchmarks and valuations. Sign up today!

View details of Kelvion's funding rounds and investors

Kelvion's employee count trend

Kelvion has 2,898 employees as of Sep 26. Here is Kelvion's employee count trend over the years:

Uncover Kelvion's growth story! Sign up today!

Access Tracxn on any website

Our Google Chrome extension lets you view company details while browsing their websites

Install Tracxn Extension

Top competitors of Kelvion include TAT Technologies, LU-VE Group and Tema. Here is the list of Top 10 competitors of Kelvion, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	TAT Technologies 1969, Gedera (Israel), Public	Provider of aerospace thermal, APU, and landing gear systems MRO and OEM solutions	$29.7M	FIMI Opportunity Funds	58/100
2nd	LU-VE Group 1994, Varese (Italy), Public	Manufacturer of heat exchangers for refrigeration and air conditioning	$1.75M	First Capital	57/100
3rd	Tema 1984, Mumbai (India), Late Stage	Manufacturer of equipment tailored for high-pressure, high-temperature, extremely corrosive, hazardous, and dirty service applications	$19.7M	Tata Capital, New Quest Asia & 1 others	54/100
4th	Kelvion 1920, Bochum (Germany), Acquired	Manufacturer of heat exchange solutions for diverse industries	-	Triton Partners, Europa	52/100
5th	Alfa Laval 1883, Lund (Sweden), Public	Provider of water & wastewater, food processing, pharmaceutical production, and other services	-	IK Partners, Nobel Investments & 1 others	46/100
6th	SPX Cooling Technologies 2005, Overland Park (United States), Funding Raised	Manufacturer of cooling tower and air cooled heat exchangers	-	OSTI	45/100
7th	Patels Airtemp 1973, Ahmedabad (India), Public	Manufacturer of industrial HVAC equipment	-	-	44/100
8th	Hamon 1999, Mont Saint Guibert (Belgium), Public	Provider of air & water pollution control solutions	-	TS Investment	43/100
9th	Hudson Products 1939, Beasley (United States), Acquired	Manufacturer of air cooled heat exchangers and fans	$10.2M	Riverstone Holdings, Chatham Capital & 4 others	41/100
10th	Nikkiso CEIG 2017, Temecula (United States), Unfunded	Manufacturer of cryogenic pumps, heat exchanger system, and other products	-	-	40/100

Get insights and benchmarks for competitors of 2M+ companies! Sign up today!

Looking for more details on Kelvion's competitors? Click here to see the top ones

KELVION INDIA PRIVATE LIMITED, the legal entity associated with Kelvion, generated between ₹100 Cr and ₹500 Cr in revenue for the financial year ending on Mar 31, 2025. The revenue of KELVION INDIA PRIVATE LIMITED has a compounded annual growth rate (CAGR) of 10% in the last 1 year.

Financial Statement Summary

Metrics	FY 2024-25	FY 2023-24	FY 2022-23	FY 2021-22	FY 2020-21
Income Statement
Revenue	1120	3189	3796	8286	4446
Total Sales	7822	6091	1149	7394	7578
Total Expenses	5045	2551	4419	1097	7910
Operating Expenses	7579	6111	5284	1401	7990
Employee Expenses	6465	8374	7858	7331	1945
Marketing Expenses	4054	2273	9377	5341	9193
Operating Income (EBIT)	4593	3948	3571	1136	3457
Interest Expenses	9873	5444	6254	6489	1305
Expenses from other activities	8918	3100	7051	4169	6588
Information Technology Expenses	5785	9359	4958	2199	8163
EBITDA	3434	4588	4907	1214	8380
Taxes	2739	5681	9978	2865	2774
Net Profit	5881	3291	9186	6320	5284
Balance Sheet
Assets	6326	2959	2052	3577	3186
Cash Equivalent	1118	8648	7468	8533	9564
Accounts Receivables	1154	3799	6622	8961	3262
Inventory	6563	6991	3343	8559	3152
Liabilities	3946	6223	4068	1775	6536
Total Debt	3437	7374	1749	5496	5352
Accounts Payable	7436	4838	1982	8259	9844
Equities	5923	8062	2792	3193	1798
Cashflow Statement
Cash from Operating activities	9318	1611	2355	3006	3317
Cash from Investing activities	4932	9666	7530	6205	2351
Net cash from Financing activities	3649	4436	3106	7592	6437