KKR weighs 3 billion dollar sale of cooling firm CoolIT

KKR is exploring a sale of liquid cooling firm CoolIT Systems for over 3 billion dollars. The move comes amid rising demand for AI data center infrastructure.

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The United States private equity firm KKR & Co. Inc. is reportedly exploring the sale of CoolIT Systems, a specialist in data center cooling technology. According to a report by the Financial Times, the potential transaction could value the company at more than $3 billion. While multiple potential buyers have been identified, the sale process is currently in its preliminary stages, and there is no guarantee that a deal will be finalized. Both KKR and CoolIT Systems have not yet commented on the matter.

A display at the New York Stock Exchange shows market data for KKR & Co in New York, United States, on August 23, 2018. REUTERS/Brendan McDermid/File Photo
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