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Stock impact report

Ecolab Moves Closer to Acquiring CoolIT in $4.5B–$5B Deal [Yahoo! Finance]

Ecolab Inc. (ECL) 
Last ecolab inc. earnings: 4/28 08:30 am Check Earnings Report
US:NYSE Investor Relations: investor.ecolab.com
Company Research Source: Yahoo! Finance
Ecolab Moves Closer to Acquiring CoolIT in $4.5B–$5B Deal On March 19, The Wall Street Journal reported that Ecolab Inc. (NYSE:ECL) is getting close to a deal to acquire data-center cooling firm CoolIT Systems from KKR for between $4.5 billion and $5 billion, according to people familiar with the matter. Those same sources said an announcement could come as soon as next week, though they cautioned that nothing has been finalized yet. The potential price stands out. It is a significant jump from the roughly $270 million valuation when KKR took a majority stake in 2023. Mubadala Investment Company still holds a minority stake in the business. CoolIT builds liquid-cooling systems used in data centers. The company started out making cooling solutions for gaming computers, then gradually shifted toward supporting artificial intelligence infrastructure. That shift mirrors what many hardware-focused firms have done as AI demand picked up. Ecolab Inc. (NYSE:ECL) focuses on chemical sol Show less Read more
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