sur SCHNEIDER ELECTRIC (EPA:SU)
Schneider Electric Expands in Data Centers with Motivair Acquisition
Schneider Electric has announced its agreement to acquire a controlling interest in Motivair Corporation, a specialist in liquid cooling solutions. This acquisition bolsters Schneider's position in the data center market, driven by rising data processing demands from Generative-AI and Large Language Models (LLMs). These technologies require efficient cooling, and liquid cooling solutions are seeing predicted growth of over 30% CAGR in the coming years.
Based in Buffalo, Motivair offers a robust range of products, including Coolant Distribution Units and Heat Dissipation Units. Schneider Electric CEO, Peter Herweck, emphasized the strategic significance of the acquisition, which aligns with Schneider's value proposition in data center cooling.
This deal involves Schneider purchasing 75% of Motivair for $850 million, expected to close in the coming quarters. Motivair's integration into Schneider's Energy Management business will enhance innovation in cooling technology.
R. P.
Copyright © 2024 FinanzWire, tous droits de reproduction et de représentation réservés.
Clause de non responsabilité : bien que puisées aux meilleures sources, les informations et analyses diffusées par FinanzWire sont fournies à titre indicatif et ne constituent en aucune manière une incitation à prendre position sur les marchés financiers.
Cliquez ici pour consulter le communiqué de presse ayant servi de base à la rédaction de cette brève
Voir toutes les actualités de SCHNEIDER ELECTRIC