Anonymous14 days ago
Ecolab, the Minnesota-based water and hygiene conglomerate, announced a $4.75 billion all-cash deal to acquire Calgary-based CoolIT Systems from KKR and Mubadala, marking one of the largest Canadian tech exits in two decades. The acquisition, valued at 29 times estimated next-12-month EBITDA, positions Ecolab as a full-stack thermal management provider for AI data centers—but analysts are split on whether the premium is justified given cyclical risks in the AI infrastructure buildout.