Ecolab to Acquire CoolIT for $4.75B, Targets 20%+ Margins by 2027

Ecolab agreed to buy CoolIT from KKR for $4.75 billion in cash, expecting the transaction to close in Q3 2026. The deal will strengthen Ecolab's Global High-Tech/data-center platform, adding CoolIT's direct-to-chip liquid-cooling business with $550 million revenue and 30% margins. Ecolab reiterated Q1 adjusted EPS guidance of $1.69-$1.71 and full-year 2026 adjusted EPS growth of 12%-15%, targeting >20% operating margin by 2027 and 5%-7% organic sales growth over time.