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WS Investor 19 Feb 2026, 20:22
Johnson Controls (NYSE: JCI) has signed an agreement to acquire Boston-based Alloy Enterprises, strengthening its position in data center thermal management and supporting its strategy to accelerate cooling innovation for AI-driven infrastructure.

Founded in 2020, Alloy specializes in advanced direct liquid cooling technology for high-performance data centers and mission-critical industrial applications. Its proprietary platform can improve thermal management efficiency by up to 35% and reduce pressure drop by up to 75%, lowering overall cooling system energy consumption.

The acquisition complements Johnson Controls’ existing portfolio of end-to-end cooling solutions, including magnetic bearing chillers, centrifugal chillers, coolant distribution units and absorption chillers. The company expects the deal to enhance its ability to optimize full data center thermal architectures and scale advanced cooling technologies across its broader portfolio.

The transaction is expected to close in fiscal Q3, subject to regulatory approvals and customary conditions. Financial terms were not disclosed.

Source: PR Newswire.

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