French industrial group Schneider Electric has acquired a controlling stake in data centre cooling firm Motivair.
Schneider Electric aims to strengthen its data centre portfolio by leveraging Motivair's expertise in liquid cooling systems and thermal management solutions.
The transaction involves Schneider Electric acquiring an initial 75 percent controlling interest in Motivair for $850 million in cash.
The acquisition will enhance Schneider Electric's direct-to-chip liquid cooling and high-capacity thermal solutions.