Energy

Liquid Cooling Acquisitions: 4 Major Deals Reshape Data Center Market in 2025

This Research Note examines the latest acquisitions and strategic investments in liquid cooling technology by the major HVAC and data center infrastructure players over the last 3 years. Competition is intensifying between equipment vendors, as they accelerate their market position in this high-growth segment. Key players have acquired 4 significant companies in the sector in the last year, including 2 of the top 3 liquid cooling firms.   We highlight selected transactions by Eaton, Daikin, Schneider Electric, Carrier, Johnson Controls, and Trane and conclude with a commentary on the global landscape and market forecast to 2028. Eaton In early November 2025, a leading player in data center liquid cooling, Boyd Thermal was acquired by Eaton Corporation for $9.5 billion. The transaction, subject to regulatory approvals, is expected to close in the second quarter of 2026. 80% of Boyd’s thermal business supports the data center market. The US-based division has more than 5,000 employees, with manufacturing […]

Stay ahead of the pack

with the latest independent smart building research and thought leadership.

Have an account? Login

Subscribe Now from just $400 per year per user for Access to Quality Independent Smart Building Research & Analysis!

What Exactly Do you Get?

  • Access to Website Articles and Notes. Unlimited Access to the Library of over 2000 Articles Spanning 10 Years.
  • 10% discount on ALL Memoori Research reports for Subscribers!
  • Industry-leading Analysis Every Week, Direct to your Inbox.
  • AND Cancel at any time
Subscribe Now

Most Popular Articles

Vega akenza acquisition
Smart Buildings

akenza Acquired by VEGA: Behind the 2026 IoT Deal

This Research Note examines the acquisition of the Swiss smart buildings IoT platform company, akenza AG by VEGA Grieshaber KG, a German manufacturer of industrial measurement technology. VEGA Profile Since 1959, VEGA Grieshaber KG has been developing and producing technology for level and pressure measurement for industrial process automation. VEGA’s measurement solutions are used in […]

IMI plc Acquisition iSMA CONTROLLI
Smart Buildings

IMI’s €63m Deal Targets Underserved Mid-Sized Buildings

This Research Note examines the acquisition of Italian building automation specialist iSMA CONTROLLI by IMI plc, the UK-listed engineering group.  We explore the transaction details, strategic rationale, the target company profile and IMI’s Climate Control sector, before commenting on the deal. Transaction Details IMI plc announced on 7th October 2026 that it has agreed to […]

Disruptive Technologies Water Sensor
Uncategorized

Disruptive Technologies Sold for $130M: What’s Behind the Deal?

This Research Note examines the acquisition of Disruptive Technologies announced by Digi International, a US provider of IoT connectivity products, solutions and services.  We highlight the transaction details and strategic rationale for the acquisition, before exploring the current business segments of Digi International and commenting on our view of the deal. Transaction Details A definitive […]

Subscribe to the Newsletter & get all our Articles & Research Delivered Straight to your Inbox.