Schneider Electric Acquires 75% Stake in Motivair Corp
October 17, 2024
Schneider Electric has acquired a 75% stake in Buffalo-based liquid-cooling specialist Motivair Corp in an all-cash transaction reported at $850 million. Schneider has an option to buy the remaining 25% by 2028; the move expands Schneider’s data-center thermal management capabilities and completes its planned data-center acquisitions for the near term.
- Buyers
- Schneider Electric
- Targets
- Motivair Corp
- Industry
- Industrial Services
- Location
- New York, United States
- Transaction Type
- Buyout
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