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Finance & Markets

Global Market: Data centre boom fuels demand for power, cooling equipment suppliers

The global AI data centre boom is creating fresh opportunities for power and cooling equipment suppliers as developers race to overcome infrastructure bottlenecks. Rising demand for transformers, efficient power systems and liquid cooling is benefiting companies across Asia, although high valuations, supply constraints, competition and deployment delays remain key risks for investors.

We haven't written up this one. The Economic Times - Top News has the full story — the link below goes straight to it.

Read the original at economictimes.indiatimes.com →

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Veritas Capital outbids CVC in £1.65bn Bodycote deal

US private equity firm Veritas Capital has agreed to acquire UK-listed engineering specialist Bodycote for approximately £1.65bn, after increasing its offer to move ahead of rival bidder CVC Advisers…

  • Veritas Capital acquires Bodycote for £1.65bn, beating CVC's offer
  • Veritas pays £940 per share plus debt, valuing deal at £1.85bn
  • Bodycote's stock rises 4.4% post-announcement, anticipating further bids

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