(Communicated)
(CercleFinance.com) – KKR and CoolIT Systems, a provider of liquid cooling solutions for IT environments, announced last night the signing of a definitive agreement under which KKR will acquire CoolIT.
The investment will support the company’s ability to scale and serve its customers in the data center market, including the enterprise, high-performance computing and cloud service provider segments, as well as in the office computing.
‘KKR shares our perspective on the upcoming opportunities for liquid cooling. Having access to their expertise, their resources, will put us in an even better position to continue to grow,” said Steve Walton, President and CEO of CoolIT.
Evan Kaufman, Director at KKR, added: ‘We plan to develop its best-in-class direct liquid cooling solution to meet the anticipated demand for higher density and more energy efficient data centers. ‘,
The transaction is expected to close in the second quarter of 2023, subject to regulatory approvals and customary closing conditions.
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