05 December 2023
|
Vertiv is to acquire UK liquid cooling designer and manufacturer CoolTera.
Founded in 2016 and based in Horsham, West Sussex, CoolTera provides liquid cooling infrastructure solutions and designs and manufactures coolant distribution units (CDU), secondary fluid networks (SFN) and manifolds for data centre liquid cooling solutions.
CoolTera and Vertiv have been technology partners for three years with multiple global deployments to data centres and super computer systems.
Giordano Albertazzi, Chief Executive Officer, Vertiv, said: “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. 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, Managing Director of CoolTera, said: “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 in the fourth quarter of 2023, subject to customary closing conditions.
