Schneider Electric has acquired a 75 percent stake in liquid cooling firm Motivair Corp.
The all-cash acquisition, which was reported to have cost $850 million, is expected to close in the coming quarters.
Schneider has an option to acquire the remaining 25 percent of the company by 2028.
Motivair is based in Buffalo, New York, and produces units that pump coolant at a high pressure close to chips to cool the servers efficiently.
The acquisition is the last of Schneider's planned deals within the data center sector for the foreseeable future.
"[Motivair] has really comprehensively, for the moment, completed our portfolio," said Peter Herweck, Schneider's chief executive.
The acquisition comes after the company partnered with Nvidia to introduce AI data center reference designs. The collaboration focused on high-power distribution, liquid-cooling systems, and controls to ensure reliable operations.
