Schneider Electric to Buy Data Centre Cooling Firm Motivair for $850 million

Oct 17 (Reuters) – Schneider Electric  will pay about $850 million for a controlling stake in Motivair Corp, a specialist in liquid cooling for high-performance computing, the French firm said on Thursday, beefing up offerings for rapidly-growing data centres. The all-cash deal, expected to close in the coming quarters, will give Schneider a stake of … Read more