Flex Buys Data-Center Cooling Company JetCool Technologies

Dow Jones11-15

By Paul Ziobro

Flex bought JetCool Technologies, a company that specializes in cooling data centers.

Terms of the deal weren't disclosed.

The Austin, Texas-based manufacturing services company on Thursday said the deal boosts its data center and power portfolio to help hyperscale and enterprise customers manage the growing power, heat and scale challenges caused by high-performance computing and AI.

"The addition of JetCool's advanced liquid cooling technology strengthens our ability to help customers address increased power, thermal density, and cooling requirements across the full spectrum of AI workloads and high-performance computing for greater performance, efficiency, and sustainability," Flex President and Chief Commercial Officer Michael Hartung said.

Flex last month agreed to buy Crown Technical Systems, a power distribution and protection systems company, for $325 million.

Write to Paul Ziobro at paul.ziobro@wsj.com

(END) Dow Jones Newswires

November 14, 2024 17:18 ET (22:18 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

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