Vertiv has aquired CoolTera, a specialist in coolant distribution infrastructure for data centre liquid cooling technology. This acquisition includes contracts, patents, trademarks, and intellectual property from an affiliate of CoolTera.
Founded in 2016 and based in the UK, CoolTera’s product range includes coolant distribution units, secondary fluid networks, and manifolds.
CoolTera and Vertiv have been technology partners for three years with multiple global deployments to data centres, high-density, and supercomputing systems. The acquisition aims to support the needs of AI at scale.
“This bolt-on technology acquisition is consistent with our long-term strategic vision for value creation. While the purchase price is not material to Vertiv, the acquisition is essential to further reinforce our liquid cooling portfolio,” said Giordano Albertazzi, Chief Executive Officer, Vertiv.
The acquisition is slated for completion in the fourth quarter of 2023, subject to customary closing conditions
Mark Luxford, CoolTera’s Managing Director, said: “It was a logical decision to join the Vertiv family. We look forward to working as a team to deliver next generation liquid cooling technologies at the scale the industry requires.”