Bloomberg· 商业· 科技Samsung Is in Talks to Acquire Data Center Cooling Firm Modine
三星正洽谈收购数据中心冷却设备企业Modine
Samsung Electronics Co. is in talks to acquire Modine Manufacturing Co., a maker of cooling systems for data centers, according to people familiar with the matter.
The companies are discussing a potential transaction that could come together as soon as the coming weeks, the people said, asking not to be identified because the information is private.
Modine has a market value of about $5.6 billion. Its shares have fallen around 15% since Nov. 3, when it reported Modine Reports Second Quarter Fiscal 2027 Results that underwhelmed investors. No final decision has been made and the talks could still fall apart, the people said. Another suitor could also emerge, they added.
The discussions underscore how M&A is picking up around companies that cater to the booming AI market. US companies and their overseas rivals have stepped up efforts to capture the growth opportunity coming from data centers through bigger investments and dealmaking. Among them are Samsung’s Asian rivals Daikin Industries Ltd and LG Electronics Inc., as well as US-based Vertiv Holdings Co.
Representatives for Samsung and Modine declined to comment.
Based in Racine, Wisconsin, Modine makes heavy duty cooling and heating systems for large commercial buildings and industrial machines, with its fastest-growing business serving hyperscalers that build data centers. In October, the company spun off its automotive business to focus on its thermal-management operations.
Samsung, with a market value of more than $900 billion, is one of the largest technology and electronics companies in the world. The Suwon, South Korea-based company’s products include smartphones, televisions, home appliances, thermal solutions and computer memory chips.
While a Modine takeover would be bolder in magnitude, Samsung has been bolstering its thermal solutions offering to data centers through international acquisitions. It purchased Germany-based FläktGroup Holding GmbH for €1.5 billion ($1.7 billion) last year.