AdvertisementAdvertisementBusiness20 Mar 2026 08:10PM (Updated: 20 Mar 2026 08:32PM) Bookmark Bookmark WhatsApp Telegram Facebook Twitter Email LinkedInAdd CNA as a trusted source to help Google better understand and surface our content in search results.Read a summary of this article on FAST.Get bite-sized news via a newcards interface. Give it a try.Click here to return to FAST Tap here to return to FASTFAST March 20 : Ecolab said on Friday it would acquire KKR-backed CoolIT Systems for about $4.75 billion in cash, as it seeks to capitalize on surging demand for liquid cooling in artificial intelligence-driven data centers.Shares of the water management company were down 1 per cent in premarket trading.The deal, expected to close in the third quarter of 2026, comes as technology companies ramp up spending on AI infrastructure, driving a shift from traditional air cooling to more efficient liquid-based systems capable of handling higher chip densities and power loads.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 used by hyperscale and colocation operators. Its customers include chipmakers such as Nvidia and Advanced Micro Devices.CoolIT is expected to generate about $550 million in sales over the next 12 months, Ecolab said. The deal is expected to be accretive to Ecolab's adjusted diluted earnings per share by 2028.Source: ReutersNewsletterWeek in ReviewSubscribe to our Chief Editor’s Week in ReviewOur chief editor shares analysis and picks of the week's biggest news every Saturday.Sign up for our newslettersGet our pick of top stories and thought-provoking articles in your inboxSubscribe hereGet the CNA appStay updated with notifications for breaking news and our best storiesDownload hereGet WhatsApp alertsJoin our channel for the top reads for the day on your preferred chat appJoin hereAlso worth readingContent is loading...Expand to read the full storyGet bite-sized news via a newcards interface. Give it a try.Click here to return to FAST Tap here to return to FASTFAST