Ecolab agreed to purchase CoolIT Systems from KKR for about $4.75 billion in cash to expand its offerings in AI data center liquid cooling. The business is forecast to add approximately $550 million in sales over the next year and become accretive to earnings by 2028.
Its client list includes Nvidia and AMD.
The step aligns with broader industry movement away from traditional air-based systems toward liquid alternatives needed to manage elevated processor densities in AI environments.
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The Department of Energy has authorized PJM to require data centers to use backup power during a heat wave straining the grid this week. The move highlights growing electricity demand from AI-driven data centers in a region with the world's largest concentration of such facilities.
Advanced Micro Devices plans to buy World Labs for roughly US$8.2 billion using stock only. This acquisition provides access to 3D modeling technology meant to inform the development of new hardware, software, and systems.
Yageo will raise prices on tantalum, MLCC, film, aluminum electrolytic, and solid capacitors starting July 1, according to supply chain sources. TrendForce confirms broad increases across capacitor types. The increase reaches EMS and OEM customers directly for the first time, extending AI-driven cost pressure deeper into the electronics supply chain.
ON Semiconductor agreed to acquire Synaptics in a nearly $7 billion all-stock transaction that accelerates its physical AI expansion and lifts its total addressable market to $243 billion by 2030. The deal, the company's largest to date, is slated to close in mid-2027 amid a surge in AI-related buyouts industrywide.
Google has contracted for power from Constellation Energy, with new nuclear energy accounting for about a quarter of the supply. The 20-year deal will enable more than $4.3 billion in new investment and upgrades at 11 nuclear units in the PJM grid.
