KKR has signed an agreement to acquire CoolIT Systems, a provider of scalable liquid cooling solutions for the world’s most demanding computing environments. Financial terms were not disclosed.
Founded in 2001, CoolIT designs, engineers and manufactures advanced liquid cooling solutions for the data center and desktop markets. KKR’s 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.
“Increasing data and computing needs are on a collision course with sustainability considerations — the data center industry is expected to consume 8 percent of the world’s energy by 2030,” said Kyle Matter, managing director and head of KKR’s global impact team in North America. “As a firm, we have committed more than $17 billion to digital infrastructure since 2011 and deeply appreciat