KKR, a leading global investment firm, and CoolIT Systems (CoolIT), a leading provider of scalable liquid cooling solutions for the world’s most demanding computing environments have announced 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 global customers across the data center market, including the enterprise, high-performance computing, and cloud service provider segments as well as in desktop computing.
CoolIT designs, engineers and manufactures advanced liquid cooling solutions for the data center and desktop markets. CoolIT’s patented Split-Flow Direct Liquid Cooling technology is designed to improve equipment reliability and lifespan, decrease operating cost, lower energy demand and carbon emissions, reduce water consumption and allow for higher server density than legacy air-cooling methods.
Commenting on the development, Steve Walton, Chief Executive Officer of CoolIT said, “Our business has evolved tremendously over the past few years and today we are proud to be one of the most trusted providers of liquid cooling solutions to the global data center market. Having access to KKR’s expertise, capital and resources will put us in an even better position to keep scaling, innovating and delivering for our customers.”
