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KKR to acquire CoolIT Systems
The Fly

KKR to acquire CoolIT Systems

KKR and CoolIT Systems 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. Founded in 2001, 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. As part of this transaction, CoolIT will expand its equity ownership program to make all employees owners of the Company. KKR is investing in CoolIT through its Global Impact strategy. The transaction is expected to close in the Q2, subject to regulatory approvals and customary closing conditions.

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