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Ecolab closes CoolIT acquisition and expands AI cooling platform as Global High Tech business targets $4 billion by 2030. July 2, 2026 ST. PAUL, Minn.-(BUSINESS WIRE)- Ecolab today announced the close of its acquisition of CoolIT Systems, a leader in direct liquid cooling for high-density data centers. The transaction closed earlier than expected, and Ecolab welcomes the world-class CoolIT team to the company. Ecolab acquired CoolIT for approximately $4.75 billion. CoolIT's year-to-date sales have grown more than 100%, driven by accelerating demand for liquid cooling in AI data centers. With CoolIT, Ecolab extends its established global leadership in water technologies, research and service to the fastest-growing market in the world: AI infrastructure and computing. At the heart of AI is water. We need water to produce chips, power chips, and cool chips. Ecolab is now uniquely positioned to offer end-to-end solutions across the full AI value chain, from ultra-pure water to produce the most advanced chips, to high-performing water systems for optimized power generation, to direct liquid cooling for the most powerful AI data centers. This enables Ecolab to help customers scale AI faster with global solutions that protect people, natural resources, and communities. At Supercomputing in November 2026 in Chicago, Ecolab plans to introduce a breakthrough innovation: a new end-to-end 3D TRASAR(TM) cooling platform combining CoolIT technologies, including cooling distribution units and high-performing cold plates, with integrated 3D TRASAR(TM) digital optimization and advanced cooling fluids. Supported by global expertise, it will optimize water, power, and compute performance at scale. This will provide operators with real-time visibility into system performance to help reduce cooling power demand and increase power efficiency, while leveraging closed-loop solutions to move data centers toward a near-zero water footprint. This technology is applicable for AI architectures like NVIDIA Vera Rubin, Grace Blackwell, and more to help enhance uptime while accelerating the shift to an AI infrastructure with less impact on the environment and natural resources. "NVIDIA has collaborated with Ecolab and CoolIT across a broad range of liquid-cooling initiatives, including coolant qualification, coolant health monitoring, cooling infrastructure development, and next-generation AI factory technologies," said Ali Heydari, technical director and distinguished engineer at NVIDIA, and Saket Karajgikar, senior engineering manager and ASME fellow at NVIDIA. "Through collaborations spanning NVIDIA engineering labs, research programs, and large-scale AI infrastructure deployments, Ecolab and CoolIT have consistently demonstrated strong technical expertise, innovation, and responsiveness." Ecolab and CoolIT will continue to work with leading hyperscale customers and bring together stakeholders across the power and water ecosystem to support the design of next-generation AI data centers that accelerate AI deployment while maximizing performance and minimizing impact. Ecolab's Global High-Tech business, which generated approximately $150 million in annual sales in 2021, is now approaching $1.5 billion in 2026 annualized sales following the additions of Ovivo and CoolIT. Ecolab is targeting its Global High-Tech business to be $4 billion in annual sales by 2030, with operating income margins of 25%. The business is now Ecolab's largest growth engine, and as it grows by more than 25% annually, it is expected to contribute more than 2 percentage points to annual sales growth with expanding margins. "With Ecolab's breakthrough solutions across fabs, power and data centers, AI can now scale more rapidly while respecting communities, the environment and natural resources," said Christophe Beck, chairman, president and chief executive officer of Ecolab. "With strong and consistent core businesses and new growth engines in high tech and life sciences that capture major new trends, we have never been better positioned to deliver on our growth commitments." "We therefore remain confident in our ability to drive sustained organic revenue growth of 5% to 7%, operating income margins well beyond 20%, and consistent EPS growth of 12% to 15% for the years to come," Beck added. Ecolab updates 2026 EPS guidance to include CoolIT Systems. Reflecting the close of the CoolIT acquisition and a short-term impact of non-cash amortization and financing costs, Ecolab expects 2026 adjusted diluted EPS in the range of $8.03 to $8.23, representing growth of 7% to 9% versus 2025. For the second half of 2026, Ecolab expects organic sales growth to accelerate to the 6% to 7% range. This momentum, along with an expanding organic gross margin and continued strong productivity, is expected to result in underlying EPS growth of 14% to 15% for Ecolab's base business in the second half of 2026. Short-term impacts from the CoolIT acquisition, primarily related to non-cash amortization and financing costs, are expected to result in a $0.20 per share impact in each of the third and fourth quarters of 2026. Together, this is expected to result in adjusted diluted EPS growth of 4% to 5% in the second half of the year, consistent with prior disclosures. Beyond 2026, Ecolab expects organic sales to grow 5% to 7% and annual adjusted operating income margin expansion of 100 to 150 basis points as the company moves well beyond its 20% operating income margin target. With this, adjusted EPS growth, including CoolIT, is expected to accelerate back into the 12% to 15% range as contributions from this high-growth, high-margin acquisition increase and amortization from the Nalco acquisition rolls off in 2027.

ABS Global becomes exclusive U.S. Partner for premium udder health products. Effective July 1, 2026, ABS Global is the exclusive channel partner of Ecolab's 4XLA, UDDERgold 5-Star, and Aztec Gold in the United States. These highly effective and premium udder health products are backed by a long and proven history of performance on dairies. While ABS has successfully offered these products in the past, this transition to exclusivity reinforces its commitment to delivering best-in-class solutions and enhancing the value ABS Global, Inc. bring to dairy producers. It also reflects Ecolab's strong confidence in ABS, built on a long-standing partnership and a proven track record of successfully bringing these solutions to market. 4XLA is a product proven to protect against mastitis-causing organisms. Iodine can take up to one full minute to kill mastitis-causing organisms on the teat; 4XLA kills in 15 seconds. On top of that, its original chlorine dioxide formulation, including glycerin, makes it one of the premier teat-conditioning pre- and post-dips on the market. This great skin conditioner is proven to control environmental and contagious organisms and is highly effective against contagious ones. 4XLA is the product you can trust to attack pathogens while also replenishing the cow's natural defense that is removed during milking. UDDERgold 5-Star is proven to protect against both contagious and environmental pathogens. Its advanced barrier film gives you extended germinal activity and improved efficiency as compared to the original UDDERgold. As a highly effective product against environmental pathogens, UDDERgold 5-Star is a great product to use when the environment is challenging or with recycled manure or bedding packs. This product maintains skin health with its combination of glycerin and lanolin, which helps moisturize teats. While UDDERgold 5-Star is tough on pathogens, removing the product in the parlor takes little effort and is not harsh on teat skin. Aztec Gold is a premium, germicidal teat dip designed to fight mastitis-causing organisms. It brings everything you expect from non-concentrates, but delivers better color than the 4XLA formula, an additional fatty acid germicide to provide residual kill, and the thickness of a barrier, but not a barrier teat dip. "We are excited to strengthen our relationship with Ecolab and to continue providing dairy farmers with these premium products," said Bill Meulemans, ABS Global, UdderCare Team Leader. "This product line is how we got started in bringing udder health solutions to our customers. These products are time-tested with proven formulas that will help dairy producers achieve their milk quality goals." "Ecolab is thrilled to expand its distribution relationship with ABS by offering the premium acidified sodium chlorite products 4XLA, UDDERgold 5-Star, and Aztec Gold to the U.S. market exclusively through ABS, said Jason Koerth, Vice President, Ecolab Animal Health North. "ABS has a well-deserved reputation throughout the dairy industry of delivering improved milk quality results to dairy producers, and these gold standard products are a perfect fit in their product portfolio." Choosing the right udder care products is critical to maintaining udder health. However, determining what product to use is not as simple as choosing one for the current season. The ABS UdderCare team wakes up and thinks about milk quality and production every day, so turn to them to help you develop an udder health plan. To learn more and to contact a team member in your area, visit: https://www.absglobal.com/services/udder-care.