In a strategic move to strengthen its position in the data center thermal management landscape, Vertiv, a global provider of critical digital infrastructure, has announced the acquisition of CoolTera Ltd., a UK-based pioneer in liquid cooling infrastructure solutions. The definitive agreement includes the acquisition of all of the shares of CoolTera, including key assets such as contracts, patents, trademarks, and intellectual property from a subsidiary of CoolTera.
Acquisition will strengthen Vertiv’s position in cooling technologies
Founded in 2016, CoolTera specializes in manufacturing state-of-the-art liquid cooling infrastructure solutions. The company designs and manufactures coolant distribution units (CDUs), secondary fluid networks (SFNs), and manifolds tailored for data center liquid cooling setups. After working with Vertiv for three years, the synergy between CoolTera and Vertiv has resulted in multiple global deployments in data centers and supercomputing systems.
Strategic Integration for Enhanced Expertise
The acquisition of CoolTera enriches the company’s thermal management portfolio with advanced cooling technology, deep expertise, controls and systems, and manufacturing and test capabilities for high-density compute cooling needs. This move reinforces the company’s commitment to providing comprehensive solutions to global data center customers, particularly those addressing the demands of AI at scale.
Giordano Albertazzi, Vertiv’s Chief Executive Officer, emphasizes the strategic nature of the acquisition, stating, “This bolt-on technology acquisition aligns with our long-term strategic vision for value creation and further strengthens our expertise in high-density cooling solutions.” He emphasizes that while the purchase price is not material to Vertiv, the acquisition is critical to strengthening its liquid cooling portfolio.
Mark Luxford, president of CoolTera, is excited about the logical decision to join the Vertiv family. Luxford cites Vertiv’s leadership in data center thermal management and its proven ability to scale technologies at the pace required for AI adoption. The combined forces of Vertiv and CoolTera aim to deliver next-generation liquid cooling technologies to meet the industry’s growing scale.
The acquisition is expected to close in the fourth quarter of 2023, subject to customary closing conditions. The company’s strategic move to integrate CoolTera into its ecosystem reinforces its commitment to remain at the forefront of liquid cooling technology, ready to meet the data center industry’s evolving needs and burgeoning AI demands.