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The combined business will also open facilities in Warsaw and Austin. Steve Walton, CEO of Calgary-based liquid-cooling company CoolIT Systems between 2020 and 2024, founded 3C, which provides cooling for computing equipment and data centres. London-based Datalec Precision Installations designs, builds and maintains data centres. The companies did not disclose financial terms. (The Logic)
Talking point: The merger follows Ecolab’s US$4.75-billion acquisition of CoolIT in July, as AI computing drives demand for liquid cooling. Calgary-based private equity firm Longbow Capital is among the investors backing the combined company, called 3C Datalec, along with S2G Investments, Apogem Capital and QIC. The firm says it employs roughly 1,000 people and plans to hire 200 engineers globally. The company also expects more than US$400 million in revenue this year.
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