Ecolab Acquires Liquid Cooling Specialist CoolIT Systems for $4.75 Billion as AI Data Centers Outgrow Air Cooling
Water treatment giant Ecolab is buying CoolIT Systems from KKR in an all-cash deal that values the Calgary-based liquid cooling company at roughly 18 times its price just three years ago, reflecting the explosive demand for direct-to-chip cooling in AI data centers.
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