Vertiv to acquire CoolTera Ltd to boost liquid cooling portfolio for AI

Vertiv Holdings Co

Vertiv (NYSE: VRT) agreed to acquire all shares of CoolTera Ltd, a UK liquid cooling infrastructure provider (founded 2016).
Deal includes CoolTera's coolant distribution units, secondary fluid networks, and manifolds for data centers.
Purchase price not material; acquisition is essential for supporting AI at scale and high-density cooling.
Expected to close Q4 2023, subject to customary closing conditions.
Vertiv and CoolTera have been technology partners for three years with global deployments.

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