Samsung in Talks to Buy Data Center Cooling Firm Modine, Bloomberg News Reports
10 Articles
10 Articles
Samsung Electronics is reportedly in negotiations to acquire Modine Manufacturing (hereinafter Modine), a U.S. data center cooling system manufacturer. Modine is a company with a market capitalization of approximately $5.6 billion (about 7.5 trillion won), and its revenue in the data center sector increased by 95% year-on-year from July to September of this year. Last year, Samsung Electronics [acquired] a German HVAC company
Report: Samsung in talks to acquire Modine
Samsung Electronics, an affiliate of Seoul, South Korea-based Samsung Group, is in talks to acquire Racine-based Modine, according to a report from Bloomberg News. Modine, a global thermal management solutions manufacturing company with operations in more than two dozen countries, has seen its business boom in recent years by providing cooling systems for the data […]
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