Eaton to Acquire Boyd Thermal for US$9.5B — Liquid Cooling Boost for AI Data Centers
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Eaton to Acquire Boyd Thermal for US$9.5B, Liquid Cooling Boost for AI Data Centers
Eaton to Acquire Boyd Thermal for US$9.5B, Adding Liquid Cooling to Power AI Data Centers
Detail
Eaton has signed an agreement to acquire Boyd Thermal from Goldman Sachs Asset Management for US$9.5 billion.
Boyd Thermal is expected to generate US$1.7 billion in sales in 2026, with US$1.5 billion attributed to liquid cooling.
This acquisition expands Eaton's "chip-to-grid" portfolio for hyperscale and colocation customers.
It brings mature, differentiated liquid cooling technologies that address growing power and efficiency needs in AI data centers.
Combining Eaton’s power management and Boyd’s thermal expertise enables end-to-end solutions from servers to the grid.
Global footprint: 5,000+ employees and manufacturing across North America, Asia and Europe.
Closing expected in Q2 2026, subject to regulatory approvals and customary conditions.
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