New Companies
Friday, 7/3, 12:45 AM
Ecolab Closes Its $4.75 Billion Bet on Cooling AI Data Centers
- Ecolab, the water and hygiene giant, completed its $4.75 billion cash purchase of CoolIT Systems, a maker of liquid-cooling gear for data centers — a bet that keeping AI chips from overheating is one of the industry's fastest-growing markets.
- It trimmed near-term profit guidance to absorb the deal.