M&A

Ecolab moves into AI data centre cooling with $4.75bn CoolIT deal

By Frank Prenesti

Date: Friday 20 Mar 2026

(Sharecast News) - Ecolab on Friday said it was buying CoolIT Systems for $4.75bn as it looks to cash in on the boom in artificial intelligence data centres.
Owned by funds managed by KKR, CoolIT designs and manufactures liquid cooling systems such as coolant distribution units, cold plates and direct-to-chip technologies...

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