Ecolab Acquires CoolIT Systems for $6.6 Billion

U.S. company Ecolab has acquired Calgary-based CoolIT Systems, a specialist in liquid cooling for AI data centers, for $6.6 billion, marking one of the largest tech deals in the city's history.

28 Mar, 02:00 — 28 Mar, 02:00

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cbcHigh11d ago

U.S. company acquires Calgary-based CoolIT for $6.6B in one of city’s ‘biggest' tech deals ever

CoolIT Systems, a specialist in liquid cooling for AI data centres, is set to be acquired by U.S. company Ecolab for $4.75 billion US, in what’s being called one of the city’s biggest tech deals of all time. As part of the acquisition, the company’s 650 employees will receive substantial cash payouts.

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Ecolab Acquires CoolIT Systems for $6.6 Billion

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U.S. company acquires Calgary-based CoolIT for $6.6B in one of city’s ‘biggest' tech deals ever

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