Eaton Corporation acquires Boyd heat management business for a large sum of money.

Eaton Corporation recently announced that it will acquire Boyd's thermal management business from Goldman Sachs Asset Management for $9.5 billion. This move marks a significant step for Eaton in strengthening its data center business and addressing the surging demand from artificial intelligence. Boyd's thermal management business is projected to generate $1.7 billion in sales by 2026, primarily from its liquid cooling technology used in data centers.