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.
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AdaptHealth told the SEC that social engineering against a contractor allowed thieves to steal patient PII, PHI, and an insurance billing password file. The firm activated its response plan on June 15, later deemed the breach material, and has applied extra safeguards while its investigation proceeds.
Taiwan's Department of Investment Review has approved TSMC's US$20 billion capital injection into its US subsidiary TSMC Arizona. The approval clears the way for the semiconductor foundry to expand its manufacturing operations in the United States.
Meta has launched Pocket, an AI app for creating and sharing interactive gizmos that bears no resemblance to the former read-it-later service. The move advances Zuckerberg's vision of AI-powered social experiences while the app rolls out outside the US.
