Vertiv Acquisition of CoolTera Ltd. Boosts Liquid Cooling Portfolio
Vertiv, a global provider
of critical digital infrastructure and continuity solutions announced that subsidiaries of the
company have entered into a definitive agreement to acquire all of the shares
of CoolTera Ltd. (CoolTera), a provider of coolant distribution infrastructure
for data center liquid cooling technology and certain assets, including certain
contracts, patents, trademarks, and intellectual property from an affiliate of
CoolTera.
Founded in 2016 and based in the UK,
CoolTera provides liquid cooling infrastructure solutions, and designs and
manufactures coolant distribution units (CDU), secondary fluid networks (SFN),
and manifolds for data center liquid cooling solutions. CoolTera and Vertiv
have been technology partners for three years with multiple global deployments
to data centers and super compute systems. The acquisition of CoolTera brings
advanced cooling technology, deep domain expertise, controls and systems, and
manufacturing and testing for high density compute cooling requirements to
Vertiv’s already robust thermal management portfolio, as well as key industry
partnerships already in place across the ecosystem for such applications.
CoolTera has a proven track record of engineering excellence and strong
customer service supported by a team of highly qualified, proven liquid cooling
engineers.
“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 center customers and strengthening our position and
capabilities to support the needs of AI at scale.”
“It was a logical decision to join
the Vertiv family,” said Mark Luxford, CoolTera’s Managing Director. “We are
excited to join the leader in data center 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.”
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