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Ecolab Acquires CoolIT for $4.75 Billion to Boost AI Cooling

3/22/2026

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Summary

Story summary

Ecolab has finalized a $4.75 billion acquisition of CoolIT Systems from KKR to strengthen its position in liquid cooling and integrate CoolIT’s capabilities with its water management.
Global demand for AI infrastructure is rising, making liquid cooling essential.
CoolIT is projected to generate about $550 million in revenue next year.
The deal is expected to close in Q3 2026.
Ecolab expects positive earnings contributions from CoolIT by 2028.

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Story summary

Ecolab has finalized a $4.75 billion acquisition of CoolIT Systems from KKR to strengthen its position in liquid cooling and integrate CoolIT’s capabilities with its water management.
Global demand for AI infrastructure is rising, making liquid cooling essential.
CoolIT is projected to generate about $550 million in revenue next year.
The deal is expected to close in Q3 2026.
Ecolab expects positive earnings contributions from CoolIT by 2028.