Schneider Electric SE is a French multinational corporation that specializes in digital automation and energy management. It was founded in 1836 and is headquartered in Rueil-Malmaison, France.
According to reports, Schneider Electric has announced plans to acquire Motivair Corp for $850 million USD giving it a 75% controlling stake in the company. It plans to buy the remaining 25% by 2028.
The report further mentions that the deal will enhance the company’s direct-to-chip liquid cooling and high-capacity thermal systems to boost its rapidly growing data centers.
Motivair Corporation is a leading global provider of advanced liquid cooling solutions designed to meet the greatest thermal challenges of modern computing technology. It was founded in 1965 and is headquartered in Buffalo, New York.
