Data center and digital infrastructure power and cooling company Vertiv has acquired liquid cooling business CoolTera.

Vertiv will acquire the provider of coolant distribution infrastructure, including certain contracts, patents, trademarks, and intellectual property from an affiliate of CoolTera.

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– Sebastian Moss

UK-based CoolTera was founded in 2016 and designs and manufactures coolant distribution units (CDU), secondary fluid networks (SFN), and manifolds for data center liquid cooling solutions.

The two companies have been technology partners for three years with multiple global deployments in data centers and supercomputers.

“This bolt-on technology acquisition is consistent with our long-term strategic vision for value creation, and further strengthens our expertise in high-density cooling solutions,” said Giordano Albertazzi, Vertiv's CEO.

“And while the purchase price is not material to Vertiv, the acquisition is essential to further reinforce our liquid cooling portfolio, enhancing our ability to serve the needs of our global data center customers and strengthening our position and capabilities to support the needs of AI at scale.”

Mark Luxford, CoolTera’s managing director, added: “It was a logical decision to join the Vertiv family. We are excited to join the leader in data center thermal management. Vertiv has demonstrated the ability to scale technologies at a pace that is needed for AI deployment.

"We look forward to working as a team to delivering next-generation liquid cooling technologies at the scale the industry requires. Vertiv is well-positioned to support the industry growth.”

The acquisition is expected to close in the fourth quarter of 2023, subject to customary closing conditions.