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Ecolab Nears $5B Deal to Acquire KKR's Data-Center Cooling Firm
Ecolab is reportedly close to acquiring CoolIT Systems, KKR’s data-center liquid-cooling business, for an estimated $4.5–5 billion. This potential acquisition signals a significant premium over CoolIT’s earlier valuations and bolsters Ecolab’s strategy to expand its “Cooling-as-a-Service” offerings, especially for AI-driven infrastructure. The deal highlights the growing demand for energy-efficient, AI-optimized cooling solutions within the rapidly expanding data center sector.