Mubadala announces the sale of its stake in Cool IT to Ecolab in a deal worth $4.75 billion.

Mubadala Investment Company (Mubadala) announced the conclusion of a final agreement to sell its minority stake in Cool IT Systems. The global leader in providing liquid cooling solutions for data centers, to Ecolab, as part of a deal led by KKR worth $4.75 billion.

Mubadala had invested in Cool IT Systems in 2023, along with KKR through its Global Fund.Global Impact Fund II“.

Cool IT Systems is one of the world’s leading companies in advanced liquid cooling technologies, and has accumulated experience spanning about 25 years. It focuses on designing and manufacturing advanced systems that contribute to enabling and enhancing the sustainable expansion of data centers, which supports meeting the growing demand for computing capabilities supported by artificial intelligence technologies.

In a related context, data centers that rely on traditional air cooling operations consume up to 50% of the total energy in the facility, while liquid-cooled data centers use 30 to 40% less energy, and also contribute to reducing water consumption thanks to closed-circuit cooling systems that reduce water waste and evaporation.

Today, major cloud computing companies and data center operators around the world rely on innovative Cool IT solutions to enhance energy efficiency and support high-density artificial intelligence infrastructure in more than 300 data centers worldwide.

Abdullah Mohammed Shedid, Head of the Energy and Sustainability Unit in Mubadala’s Private Investments Sector, said that Mubadala invested three years ago in Cool IT, based on a firm belief that liquid cooling technologies will form an essential foundation for supporting a more efficient and sustainable digital infrastructure.

He pointed out that Cool IT has succeeded in establishing its position as a leading global contributor to this technology, which supports meeting the growing demand for energy-efficient data center solutions, in light of the boom witnessed in artificial intelligence technologies.

Shadeed added that the successful partnership with KKR, in addition to cooperation with the distinguished management team at Cool IT, embodies the exceptional value that can be achieved through effective management and consensus of visions between partners, expressing pride in the joint achievements that have been achieved, stressing his confidence that the company will move forward in building on these achievements as it moves to a new chapter in its growth and expansion process.

In terms of operational performance, Cool IT has achieved tangible improvements and exceptional growth in various areas of its business, driven by a strong methodology focused on maximizing value, continuous innovation in its products and solutions, in addition to expanding its partnerships with major cloud computing companies.

Since 2023, the company has succeeded in expanding its manufacturing capabilities to exceed 300,000 square feet. It has also enhanced its production capabilities of refrigerant distribution units by 25-fold, and its workforce has witnessed a tangible boom with the addition of more than 300 jobs.

Today, Cool IT enjoys a well-established position in the market, having succeeded in creating a supportive environment to achieve an expected growth in revenues of nearly four times, and an expected increase in earnings before interest, taxes, depreciation and amortization by nearly ten times during the year 2026.

For his part, Jason Waxman said: CEO of IT Systems, said that the acquisition of Cool IT by Ecolab, the world leader in water management, is a strategic step that creates added value for various stakeholders, including customers, employees and shareholders alike.

He praised the strategic cooperation with Mubadala and its role in enhancing the company’s growth, explaining that the partnerships with Mubadala played a pivotal role in transforming Cool IT into a leading global provider of liquid cooling solutions for large-scale, high-performance computing centers, stressing the firm commitment to continuing to grow the company’s business and expanding its scope in the United Arab Emirates, while the company moves forward in implementing its future vision after completing the acquisition.

On the global scene, expectations indicate that the volume of energy consumption by data centers will reach 945 terawatt-hours by 2030. This exceeds the total current consumption of two countries such as Germany and France combined, and more than double the consumption in 2024 of 415 terawatt-hours.

It is also expected that data centers’ water consumption will reach 450 million gallons per day, equivalent to the daily water needs of about 5 million people, compared to 292 million gallons in 2022.

In this context, the effectiveness of Cool IT solutions became apparent. In 2025 alone, it succeeded in providing approximately 2.18 billion kilowatt-hours of energy, an amount sufficient to supply about 200,000 homes with electricity, for an entire year. This deal is subject to the usual regulatory approvals, and is expected to be completed during the third quarter of 2026.