Schneider Electric to buy data centre cooling firm Motivair for $850 million
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 17 2024
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Source: Yahoo Finance
Schneider Electric's Acquisition: Schneider Electric is acquiring a 75% controlling stake in Motivair Corp for approximately $850 million, enhancing its liquid cooling solutions for data centers amid increasing demand driven by generative AI technologies.
Market Growth and Future Plans: The data center market represents a significant portion of Schneider's sales, with expectations of substantial growth in power usage in the U.S. by 2030; however, Schneider is not currently pursuing additional acquisitions in this sector.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
