Samsung in talks to acquire data center cooling supplier Modine Manufacturing, Bloomberg reports
Samsung Electronics is in discussions to acquire U.S.-based data center cooling manufacturer Modine Manufacturing, potentially finalizing an agreement in the coming weeks.
Samsung Electronics is in talks to acquire Modine Manufacturing Co., a U.S. company that supplies cooling systems for data centers, according to people familiar with the matter cited by Bloomberg. An agreement could be reached as soon as the coming weeks.[4][5][6]
Shares of Modine, which has a reported market value of $5.6 billion, surged following the report. The stock traded up 17.16% to $124.30 in after-hours trading after ending the regular session at $106.10, with subsequent market reports citing overall jumps of 29% to more than 30%.[1][3][4][5][7]
Key facts
- Samsung Electronics is in discussions to acquire Modine Manufacturing, according to sources reported by Bloomberg.
- A deal between Samsung and Modine could be reached as soon as the coming weeks.
- Modine Manufacturing produces thermal and cooling infrastructure for data centers.
- Modine's reported market capitalization is $5.6 billion.
- Modine stock climbed 17.16% to $124.30 in after-hours trading after closing at $106.10, with reports noting gains exceeding 30%.
Sources · 7 sources
- WS
Wall St Engine@wallstenginePost on X ·
Samsung is in talks to buy Modine Manufacturing $MOD, a maker of cooling systems for data centers, according to Bloomberg https://t.co/j6gZsYNEA7
Open source - SE
Serenity@aleabitoredditPost on X ·
Following the $MRVL and $LITE acquisition announcement… Samsung Electronics has been doing vertical integration of their own in photonics to thermal: - New report from Bloomberg states that Samsung Electronics is in talks to buy $MOD Modine. Which supplies thermal/cooling infrastructure for AI data centers. - 2 days ago from Digitimes, Samsung has purchased series of silicon photonics patents from Rockley Photonics (that previously was bankrupt). Covering modulators and PICs, mainly around design and integration. This follows earlier leaks that “Samsung is reportedly considering acquisitions in the silicon photonics space” After Samsung’s reportedly pursues optical engine and PIC manufacturing by 2027, and CPO services by 2029. We’ll likely see this trend accelerate with M&A vertical integration across AI supply chains. Especially considering valuations from smaller upstream companies collapsed recently, despite their strategic significance.
Open source - AI
Analytics Insight@analyticsinmePost on X ·
𝐒𝐚𝐦𝐬𝐮𝐧𝐠 𝐢𝐧 𝐓𝐚𝐥𝐤𝐬 𝐭𝐨 𝐀𝐜𝐪𝐮𝐢𝐫𝐞 𝐔𝐒 𝐂𝐨𝐨𝐥𝐢𝐧𝐠 𝐅𝐢𝐫𝐦 𝐌𝐨𝐝𝐢𝐧𝐞 𝐀𝐦𝐢𝐝 𝐀𝐈 𝐁𝐨𝐨𝐦 Samsung is reportedly eyeing a major acquisition as the AI boom heats up! The South Korean tech giant is in talks to buy US-based cooling firm Modine Manufacturing, potentially strengthening its position in the fast-growing data center market. Modine shares surged 29% after the report, but will the deal actually go through? #Samsung #ModineManufacturing #AIDataCentre #AnalyticsInsight #AnalyticsInsightMagazine Read More 👇 https://t.co/BzNpAOCzVR
Open source - TE
Techmeme@TechmemePost on X ·
Sources: Samsung is in talks to buy Modine Manufacturing, a US maker of data center cooling systems, as soon as the coming weeks; Modine's market value is $5.6B (Bloomberg) (Visit Techmeme dot com for the link and full context!)
Open source - TE
TechmemeArticle ·
Sources: Samsung is in talks to acquire Modine Manufacturing, a US maker of cooling systems for data centers, as soon as in the coming weeks; MOD jumps 30%+ (Bloomberg) Bloomberg : Sources: Samsung is in talks to acquire Modine Manufacturing, a US maker of cooling systems for data centers, as soon as in the coming weeks; MOD jumps 30%+ — Samsung Electronics Co. is in talks to acquire Modine Manufacturing Co., a maker of cooling systems for data centers, according to people familiar with the matter.
Open source - BL
Bloomberg@businessPost on X ·
Samsung is in talks to acquire Modine, a maker of cooling systems for data centers, according to sources https://t.co/7E4HNwNxGt
Open source - BA
Barron's@barronsonlinePost on X ·
Modine Manufacturing stock surges as Bloomberg reports Samsung Electronics is in discussions to acquire the data-center cooling systems provider. https://t.co/FVJA8Tv5j3
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