Ecolab announced it will acquire KKR-backed CoolIT Systems for $4.75 billion in cash, capitalizing on growing demand for liquid cooling in AI-driven data centers.
The deal, expected to close in Q3 2026, reflects increased investment in AI infrastructure, pushing tech companies toward more efficient liquid cooling systems.
CoolIT, which serves chipmakers like Nvidia and AMD, designs coolant distribution units, cold plates, and direct-to-chip technologies.
Ecolab expects the acquisition to boost earnings per share by 2028.