Ecolab Nears $5 Billion Acquisition of CoolIT Systems
Ecolab is reportedly in talks to purchase data center cooling firm CoolIT Systems from KKR for up to $5 billion. The deal could be finalized next week.
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Ecolab Inc. is reportedly nearing a multi-billion dollar agreement to acquire CoolIT Systems, a company specializing in data center cooling technology, from KKR & Co. Inc.. According to a report by the Wall Street Journal on Thursday, the deal is expected to be valued between $4.5 billion and $5 billion. Sources familiar with the negotiations indicated that a formal announcement could come as early as next week, though they cautioned that the transaction has not yet been finalized.
