AcquisitionsMay 7, 2026, 08:48 AM
Ecolab to Acquire CoolIT Systems for $4.75B; Q1 Net Sales +10%
AI Summary
Ecolab announced an agreement to acquire CoolIT Systems for $4.75 billion, a pure-play data center liquid cooling company, with the acquisition expected to close in Q3 2026. The company also reported strong first-quarter 2026 financial results, with net sales increasing by 10.0% to $4.07 billion and diluted EPS rising by 7.8% to $1.52. Operating income grew by 12.0% to $622.0 million, and cash provided by operating activities increased to $445.9 million.
Key Highlights
- Ecolab agreed to acquire CoolIT Systems for $4.75 billion, expected to close in Q3 2026.
- Net sales increased 10.0% to $4,066.1 million in Q1 2026 from $3,695.0 million in Q1 2025.
- Diluted EPS rose 7.8% to $1.52 in Q1 2026 from $1.41 in Q1 2025.
- Net income attributable to Ecolab increased 7.5% to $432.6 million.
- Operating income grew 12.0% to $622.0 million in Q1 2026.
- Cash provided by operating activities increased to $445.9 million from $369.4 million.
- Ecolab entered a $4.75 billion term loan facility to finance the CoolIT Systems acquisition.
- Reacquired shares totaled $344.4 million in Q1 2026, up from $153.7 million.