Ecolab Acquires CoolIT for $4.75 Billion, Targets $4 Billion High-Tech Revenue by 2030 — Ecolab Inc.

Event summary

Ecolab closed its $4.75 billion acquisition of CoolIT Systems, a leader in direct liquid cooling for high-density data centers.
CoolIT’s year-to-date sales have grown over 100%, driven by accelerating demand for liquid cooling in AI data centers.
Ecolab’s Global High-Tech business is now approaching $1.5 billion in 2026 annualized sales, targeting $4 billion by 2030 with 25% operating income margins.
Ecolab plans to introduce a breakthrough 3D TRASAR™ cooling platform at Supercomputing 2026, combining CoolIT technologies with digital optimization and advanced cooling fluids.

The big picture

Ecolab’s acquisition of CoolIT positions it as a key player in the AI infrastructure value chain, from chip manufacturing to data center cooling. The deal underscores the growing importance of water technologies in high-density computing, aligning with broader industry trends toward sustainability and efficiency in AI deployment. With $4.75 billion invested, Ecolab is betting heavily on the scalability of its high-tech business, targeting significant revenue growth and margin expansion by 2030.

What we're watching

Integration Execution: How Ecolab will integrate CoolIT’s technologies and team to drive $4 billion in high-tech revenue by 2030.
Market Demand: Whether the accelerating demand for liquid cooling in AI data centers can sustain CoolIT’s over 100% sales growth.
Technological Innovation: The pace at which Ecolab’s new 3D TRASAR™ cooling platform will be adopted by hyperscale customers and its impact on data center efficiency.