Eaton's $9.5B bet on AI cooling tech

Technology Nov 05, 2025

AI is booming, and all those powerful data centers running it are getting seriously warm.
To keep things cool (literally), companies are snapping up firms that specialize in thermal management.
Eaton just paid $9.5 billion for Boyd Thermal, aiming to boost its lineup with better cooling solutions for these energy-hungry centers.

Cooling tech is the new goldmine

Eaton isn't alone—Schneider Electric grabbed a big stake in Motivair in 2024, and Vertiv bought PurgeRite.
With AI driving demand, these moves show just how crucial cooling tech has become.
It's paying off too: Vertiv's shares jumped 68% this year, while Eaton's climbed 16%.