The acquisition is the last of Schneider’s planned deals within the data centre sector for the foreseeable future.
Schneider Electric has acquired a 75% stake in liquid cooling firm Motivair Corp.
The all-cash acquisition, which was reported to have cost $850 million, is expected to close in the coming quarters.
Schneider has an option to acquire the remaining 25% of the company by 2028.
Motivair is based in Buffalo, New York, and produces units that pump coolant at a high pressure close to chips to cool the servers efficiently.
The acquisition is the last of Schneider’s planned deals within the data centre sector for the foreseeable future.
“[Motivair] has really comprehensively, for the moment, completed our portfolio,” said Peter Herweck, Schneider’s Chief Executive Officer.
The acquisition comes after the company partnered with Nvidia to introduce AI data centre reference designs. The collaboration focused on high-power distribution, liquid-cooling systems, and controls to ensure reliable operations.
