Samsung in advanced talks to acquire Modine, a U.S. data‑center cooling specialist
Samsung Electronics is reported to be in advanced negotiations to buy Modine Manufacturing, a U.S. maker of cooling systems for AI data centres. The talks could conclude within weeks, but no final agreement or price has been disclosed. Modine’s shares jumped roughly 28‑29% in after‑hours trading, reaching about $136, and its market value is around $5.6 billion. The company’s data‑centre segment revenue rose 95% year‑over‑year to $439.7 million in the July‑September quarter.
Why it matters
If the deal closes, Modine shareholders could receive a takeover premium, while Samsung would add North‑American liquid‑cooling capacity to its AI‑infrastructure portfolio. The news already lifted Modine’s stock and may affect Samsung’s cash‑deployment strategy, given the acquisition would represent only a few percent of Samsung’s cash reserves.
Key facts
- 1Modine’s market capitalization is about $5.6 billion (≈7.5 trillion won). biz.chosun.com
- 2Modine shares rose about 28% in after‑hours trading, climbing to above $135 from a close of $106.10. biz.chosun.com
- 3Data‑centre institutional segment revenue reached $439.7 million in July‑September, up 95% from a year earlier. biz.chosun.com
- 4Samsung’s cash and cash equivalents were 214.8229 trillion won (≈$161.0 billion) at the end of Q3. finance.biggo.com
- 5Analyst Masahiro Wakasugi said an acquisition would help Samsung diversify beyond memory chips. invezz.com
- 6No final decision has been made and talks could collapse or another bidder could emerge. biz.chosun.com
Summary written by AlphAI AI Desk from 20 of 37 sources. Not investment advice. Figures are as stated by the linked sources.