LiquidStack Acquired by Trane Technologies | Industrials M&A Deal

Trane Technologies has acquired LiquidStack, a industrial services other business in Texas. LiquidStack is a data center liquid-cooling specialist headquartered in Carrollton, providing immersion cooling, direct-to-chip cooling, and high-density liquid solutions for generative AI and hyperscale workloads. Trane Technologies acquisitions bring LiquidStack’s Texas and Hong Kong manufacturing, engineering, and R&D teams into Trane’s Commercial HVAC Americas business unit to expand end-to-end thermal management for high-density chip power and heat rejection. The LiquidStack acquisition is an add on acquisition and a strategic acquisition by a strategic buyer, building on Trane’s 2023 minority investment in LiquidStack, with deal size undisclosed and status announced.