Eaton beefs up data center segment with $9.5 billion Boyd Thermal deal
(Reuters) -Eaton will acquire Boyd Corporation's thermal business from Goldman Sachs Asset Management for $9.5 billion, the fourth deal this year for the power management firm seeking to bolster its data center segment to cater to AI demand surge. The global appetite for energy-intensive data centers has sparked a wave of dealmaking across the industry, as companies race to build capacity to meet the surge in power and cooling needs. Peer Vertiv also announced its plans to acquire PurgeRite Intermediate ...