Search





Search





Ecolab close to buying KKR's data center cooling company for up to $5 billion, WSJ reports

ReutersMar 19, 2026 8:40 PM

March 19 (Reuters) - Ecolab ECL.N is nearing a deal to acquire data center cooling company CoolIT Systems from KKR KKR.N for between $4.5 billion and $5 billion, the Wall Street Journal reported on Thursday, citing people familiar with the matter.

The deal could be announced as soon as next week, the report added.

Shares of the water solutions company were down 2.4% at $255.49 in afternoon trading.

Ecolab did not immediately respond to a Reuters request for comment, while KKR declined to comment.

Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.

Tradingkey

Recommended Articles

SpaceX Reported to File for IPO—Here Is Another Reason to Buy Amazon Stock

TradingKey - According to a report on Reuters, SpaceX has confidentially submitted an IPO to be the largest since the original record of $25 billion. SpaceX IPO would create another publicly traded company that focuses solely on providing customers with high-speed internet through the use of satelli

Amazon Talks to Acquire Globalstar: Can $9 Billion Deal Challenge SpaceX Starlink?

TradingKey - During after-hours trading on April 1, 2026, shares of satellite communications company Globalstar (GSAT) surged 24%, with its market capitalization briefly approaching $9 billion. The rally was triggered by an exclusive report from the Financial Times stating that e-commerce giant Amaz

OpenAI Completes $122 Billion Funding, How Far Is $852 Billion-Valued OpenAI From IPO?

TradingKey - On Tuesday, March 31, OpenAI officially announced the completion of its largest private funding round since its inception. The deal set a new global record for private financing, bringing the company's post-money valuation to $852 billion.

From Computing Power to Efficiency: OpenAI VS Claude Code

TradingKey - On April 1, 2026, the AI industry witnessed a dramatic contrast: OpenAI completed the largest financing round in Silicon Valley history amid surging capital enthusiasm, while the memory spot market suffered a “cliff-like” plunge, sending a chill through the sector. These seemingly contr

Helium’s 2026 Shock: Which Stocks are Most Affected

Most investors don’t spend much time thinking about helium. It’s the party-balloon gas… or at least that’s what most people think. But But behind the scenes, helium keeps a lot of high-end tech running - and supply has tightened fast lately.

Tradingkey

KeyAI

