Schneider Electric (SCHN.PA) announced today that it will pay approximately $850 million for a controlling stake in Motivair Corp, a leader in liquid cooling solutions for high-performance computing. This all-cash deal, expected to close in the coming quarters, will give Schneider a 75% stake in the U.S.-based company, with plans to acquire the remaining shares by 2028.

The acquisition bolsters Schneider's offerings in direct-to-chip liquid cooling and high-capacity thermal systems, essential for addressing the increasing heat generated by modern computing technologies. As the demand for generative AI and large language models, such as ChatGPT, continues to rise, efficient cooling solutions in data centers are more critical than ever. ❄️💻