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Report: Samsung Electronics in Talks to Acquire Data Center Cooling Firm Modine

Source: IT之家 Published: Business & Funding 中文 Acquisition谈判Modine
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Bloomberg reported yesterday local time that Samsung Electronics is in negotiations over a potential deal to acquire data center cooling system manufacturer Modine. The deal could be completed within the coming weeks, but no final decision has been reached and it may still fall through; other potential suitors could also join the race for Modine. Modine is headquartered in the US and mainly produces heavy-duty cooling and heating systems for large commercial buildings and industrial machinery, with a market value of about $5.64 billion as of publication. Samsung Electronics acquired another HVAC company, FläktGroup, last year and in August announced a KRW 240 billion investment in related capacity.

Translation(model translation, not the source's own text)

Report: Samsung Electronics in talks to acquire data center cooling company Modine

IT之家, November 13: Bloomberg reported yesterday local time that Samsung Electronics is in talks over a potential deal to acquire data center cooling system manufacturer Modine.

The deal could be completed as early as within the next few weeks, but the talks have not reached a final decision and the deal could still be called off. Other potential acquirers could also join the race for Modine.

Modine is headquartered in the United States and mainly produces heavy-duty cooling and heating systems for large commercial buildings and industrial machinery. As of IT之家's publication time, its market value is approximately $5.64 billion (IT之家 note: at current exchange rates, about RMB 37.704 billion).

Samsung Electronics acquired another HVAC company, FläktGroup, last year, and in August this year announced a related capacity investment of 240 billion won (at current exchange rates, about RMB 1.2 billion).

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