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Benzinga
Benzinga
Business
Akanksha Bakshi

nVent Invests In Cooling Solutions Provider Iceotope Technologies

  • nVent Electric PLC (NYSE:NVT) has made a new strategic investment in Iceotope Technologies Ltd. and plans for greater collaboration through a strategic alliance agreement. The financial terms were not disclosed.
  • Iceotope's precise immersion cooling solutions will be further integrated with nVent's suite of accessories, power distribution, and advanced liquid cooling products, building upon nVent's recent collaboration with Iceotope.
  • The enhanced collaboration will offer cooling solutions for data center, edge, and computing applications.
  • "I'm excited that nVent and Iceotope are deepening their collaboration to deliver innovative cooling solutions for data centers that are more sustainable," commented nVent President of Enclosures Joe Ruzynski.
  • Price Action: NVT shares are trading lower by 1.13% at $30.60 on the last check Wednesday.
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