Vertiv has announced its acquisition of data centre liquid cooling specialist, CoolTera.
Founded in 2016, CoolTera provides liquid cooling infrastructure solutions, designing and manufacturing coolant distribution units (CDU), secondary fluid networks (SFN), and manifolds for data centre liquid cooling solutions.
Leading up to the acquisition, CoolTera and Vertiv had been working together as technology partners for three years on multiple global deployments.
“This bolt-on technology acquisition is consistent with our long-term strategic vision for value creation, and further strengthens our expertise in high-density cooling solutions,” said Giordano Albertazzi, Chief Executive Officer, Vertiv.
“And while the purchase price is not material to Vertiv, the acquisition is essential to further reinforce our liquid cooling portfolio, enhancing our ability to serve the needs of our global data centre customers and strengthening our position and capabilities to support the needs of AI at scale.”
Mark Luxford, CoolTera’s Managing Director, added, “It was a logical decision to join the Vertiv family. We are excited to join the leader in data centre thermal management. Vertiv has demonstrated the ability to scale technologies at a pace that is needed for AI deployment. We look forward to working as a team to deliver next generation liquid cooling technologies at the scale the industry requires. Vertiv is well-positioned to support the industry growth.”
The acquisition is expected to close at the end of 2023, subject to customary closing conditions.