Ecolab Acquires CoolIT Systems for $6.6 Billion

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.