Ecolab agreed to purchase CoolIT Systems from KKR for about $4.75 billion in cash to expand its offerings in AI data center liquid cooling. The business is forecast to add approximately $550 million in sales over the next year and become accretive to earnings by 2028.
Its client list includes Nvidia and AMD.
The step aligns with broader industry movement away from traditional air-based systems toward liquid alternatives needed to manage elevated processor densities in AI environments.
Tap a lens to see what this story means for you.
Liked this? The Brief brings you the whole day in tech, verified, every morning.
Two minutes, free forever. What's in The Brief →
See what’s happening right now
The Feed runs all day — short, verified briefs the moment they break.
Open the FeedFollow @thecircuitry_
Every story we publish, as it happens. No noise between.
Reader-supported
The Circuitry is a passion project I've always wanted to build, and I love the work behind it.
Running it costs real money. APIs, hosting, time. To keep improving the site and growing this into something useful for everyone, those costs have to be covered.
Any contribution is appreciated. If not, no pressure. Thanks for reading.
The Department of Energy has authorized PJM to require data centers to use backup power during a heat wave straining the grid this week. The move highlights growing electricity demand from AI-driven data centers in a region with the world's largest concentration of such facilities.
Advanced Micro Devices plans to buy World Labs for roughly US$8.2 billion using stock only. This acquisition provides access to 3D modeling technology meant to inform the development of new hardware, software, and systems.
Yageo will raise prices on tantalum, MLCC, film, aluminum electrolytic, and solid capacitors starting July 1, according to supply chain sources. TrendForce confirms broad increases across capacitor types. The increase reaches EMS and OEM customers directly for the first time, extending AI-driven cost pressure deeper into the electronics supply chain.
ON Semiconductor agreed to acquire Synaptics in a nearly $7 billion all-stock transaction that accelerates its physical AI expansion and lifts its total addressable market to $243 billion by 2030. The deal, the company's largest to date, is slated to close in mid-2027 amid a surge in AI-related buyouts industrywide.
Stripe has finalized an agreement to acquire AI gateway startup OpenRouter for more than $7 billion according to Bloomberg. The deal values the company far above its $1.3 billion valuation from a May funding round and brings a platform with 8 million users and access to over 400 models into Stripe's portfolio.
