FILE PHOTO: An employee works at a data center in California, U.S., September 5, 2025. REUTERS/Brittany Hosea-Small/File Photo
(Reuters) -Eaton will acquire Boyd Corporation's thermal business from Goldman Sachs Asset Management for $9.5 billion, the fourth deal this year for the power management firm that's seeking to bolster its data center segment to cater to AI demand surge.
Boyd Thermal forecast sales of $1.7 billion for 2026, a majority of which is expected to come from its liquid cooling technology used at data centers, Eaton said on Monday.
