AI infrastructure & data-centre cooling — PE and strategics circling
Key Questions
What major deal occurred in AI infrastructure data-center cooling?
Ecolab acquired CoolIT for $4.75B, drawing PE and strategics. This reflects scarcity premiums similar to Echelon, Mawson, and Envicool. Demand for cooling solutions is surging with AI infra growth.
Details on the EU's sovereign cloud tender?
The EU awarded a €180M contract to Scaleway, Proximus, StackIT, and others for sovereign cloud services. This aims to break free from Big Tech dominance. Four European providers were selected by the Commission.
What VC activity supports AI infra developments?
Nscale raised $2B in VC, aligning with premiums in AI infrastructure. This echoes broader European trends in cyber/cloud/AI. Strategics and PE are circling amid scarcity.
Ecolab $4.75B CoolIT; EU €180M sovereign cloud tender (Scaleway/Proximus/StackIT); Nscale $2B VC; scarcity premiums echo Echelon/Mawson/Envicool.
Sources (2)
Updated Apr 20, 2026