The global appetite for data centers has sparked a wave of deal-making across the industry as companies race to build capacity to meet the surge in power and cooling needs.
Law firm White and Case estimates that up to 40% of total energy consumption in data centers is spent on cooling them down, making it a big business.
In November, power management firm Eaton (ETN.N), said it would buy Boyd Corporation’s thermal business from Goldman Sachs Asset Management for $9.5 billion, part of a push to cater to an AI demand surge.
Peer Vertiv (VRT.N), is also in a $1 billion deal for PurgeRite Intermediate to expand its liquid cooling services.
Thus, when thinking about Data Centers, it pays to consider companies supplying and supporting them – whether in the build process or once in operation mode. Recall in the gold rush that the fellow selling shovels did pretty well.
