KKR Buys Liquid Cooling Solutions Provider CoolIT Systems For Undisclosed Sum

  • KKR & Co Inc KKR announced the acquisition of CoolIT Systems for an undisclosed amount.
  • CoolIT is a designer, manufacturer and provider of advanced liquid cooling solutions for the data center and desktop markets through its patented Split-Flow Direct Liquid Cooling technology.
  • As a part of the Global Impact strategy, the acquisition will aid KKR in spreading its footprints across the data center market, which includes enterprise, high-performance computing, desktop computing and cloud services.
  • By including CoolIT, KKR expects to boost its direct liquid cooling solution to cater to the rising demand for higher-density, energy-efficient data centers.
  • "Increasing data and computing needs are on a collision course with sustainability considerations – the data centre industry is expected to consume 8% of the world's energy by 2030. As a firm, we have committed more than $17 billion to digital infrastructure since 2011 and deeply appreciate the mission-critical role that it plays in enabling our economy," stated Kyle Matter, Managing Director and Head of KKR's Global Impact team in North America.
  • Also, this week, KKR disclosed an additional $250 million investment in Serentica Renewables.
  • Price Action: KKR shares closed lower by 3.81% at $51.22 on Tuesday.
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