Ecolab to Acquire CoolIT Systems from KKR

Ecolab announced the acquisition of CoolIT Systems from PE firm KKR in March 2026 for an enterprise value of $4.8 billion, aiming to strengthen its cooling-as-a-service offering for AI data centers.

“Ecolab (NYSE:ECL), a digital solutions company, announced its acquisition of CoolIT Systems from PE firm KKR (NYSE:KKR) in March 2026. Under the terms of the transaction, Ecolab will pay an enterprise value of $4.8 billion, representing 29.0x next-twelve-month (NTM) EBITDA, according to a press release.”

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