CoolIT Systems has officially joined Ecolab, cementing one of Calgary’s biggest technology exits and giving the liquid cooling company a larger platform as AI data centre demand surges. Ecolab announced today that it has closed its acquisition of CoolIT in a deal valued at approximately USD $4.75 billion. The transaction brings Calgary-founded CoolIT into Ecolab’s expanding … [Read more...] about CoolIT Deal Closes As Ecolab Targets AI Data Centre Cooling Boom
CoolIT
Ecolab Acquires Calgary’s CoolIT in $4.75B AI Cooling Deal
U.S.-based water and energy management firm Ecolab has agreed to acquire Calgary-founded CoolIT Systems in a deal valued at approximately USD $4.75 billion, marking a major push into the fast-growing AI data centre market. CoolIT, headquartered in Calgary, develops advanced liquid cooling technologies used in high-performance computing and hyperscale data centres. The … [Read more...] about Ecolab Acquires Calgary’s CoolIT in $4.75B AI Cooling Deal