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Ecolab Set to Acquire CoolIT for Up to $5 Billion

3/20/2026

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Summary

Story summary

According to the Wall Street Journal, Ecolab is close to finalizing a deal to acquire CoolIT Systems, a data center cooling company, for $4.5 billion to $5 billion.
The potential announcement could occur as early as next week.
Ecolab's shares fell 2.4% to $255.49 following the news.
Ecolab did not respond to requests for comment, and KKR declined to comment on the potential acquisition.

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Story summary

According to the Wall Street Journal, Ecolab is close to finalizing a deal to acquire CoolIT Systems, a data center cooling company, for $4.5 billion to $5 billion.
The potential announcement could occur as early as next week.
Ecolab's shares fell 2.4% to $255.49 following the news.
Ecolab did not respond to requests for comment, and KKR declined to comment on the potential acquisition.