Ecolab – The U.S. water giant enters the lucrative AI cooling business with CoolIT!

Ecolab completes the $4.75 billion acquisition of cooling specialist CoolIT and becomes a comprehensive provider of AI infrastructure. The high-tech division is expected to grow to $4 billion by 2030. In the short term, write-offs are a drag, but long-term double-digit profit growth is on the horizon. Deal done: Ecolab targets AI cooling Ecolab is accelerating in the billion-dollar business surrounding artificial intelligence. The U.S. company finalizes its acquisition of the Canadian direct liquid cooling specialist CoolIT Systems earlier than...