Reported about 12 hours ago
Eaton has announced its plan to purchase Boyd Corporation's thermal business from Goldman Sachs Asset Management for $9.5 billion, marking the company's fourth acquisition this year aimed at strengthening its data center division amidst rising AI demand. The acquisition is expected to help Eaton meet the increasing power and cooling needs of energy-intensive data centers, with Boyd's forecasted sales of $1.7 billion in 2026 largely driven by liquid cooling technologies. This strategic move is anticipated to positively impact Eaton's adjusted earnings starting two years post-acquisition.
Source: YAHOO