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Flex Acquires JetCool to Expand Data Center and Power Portfolio

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Flex (NASDAQ: FLEX) has acquired JetCool Technologies, a leading liquid cooling company for data centers, to enhance its data center and power portfolio. The acquisition strengthens Flex's ability to address increasing power, thermal density, and cooling requirements for AI workloads and high-performance computing. JetCool, founded in 2019 and based in Massachusetts, provides advanced liquid cooling solutions including cold plates, direct liquid-to-chip products, and complete cooling systems. Their recent Coolant Distribution Unit can cool racks up to 300kW and scale to over 2MW cooling capacity. The integration combines JetCool's cooling technologies with Flex's IT infrastructure expertise and global manufacturing capabilities.

Flex (NASDAQ: FLEX) ha acquisito JetCool Technologies, un'azienda leader nel raffreddamento a liquido per i data center, per ampliare il proprio portafoglio nel settore dei data center e dell'alimentazione. Questa acquisizione rafforza la capacità di Flex di affrontare le crescenti esigenze di potenza, densità termica e raffreddamento per i carichi di lavoro AI e per l'informatica ad alte prestazioni. JetCool, fondata nel 2019 e con sede nel Massachusetts, offre soluzioni avanzate di raffreddamento a liquido, tra cui piastre fredde, prodotti diretti da liquido a chip e sistemi di raffreddamento completi. La loro recente Unità di Distribuzione del Refrigerante è in grado di raffreddare rack fino a 300 kW e di scalare oltre 2 MW di capacità di raffreddamento. L'integrazione combina le tecnologie di raffreddamento di JetCool con l'expertise di Flex nell'infrastruttura IT e le sue capacità produttive globali.

Flex (NASDAQ: FLEX) ha adquirido JetCool Technologies, una empresa líder en refrigeración líquida para centros de datos, para mejorar su cartera en el sector de centros de datos y energía. Esta adquisición refuerza la capacidad de Flex para abordar el aumento de los requisitos de potencia, densidad térmica y refrigeración para cargas de trabajo de IA y computación de alto rendimiento. JetCool, fundada en 2019 y con sede en Massachusetts, ofrece soluciones avanzadas de refrigeración líquida, incluidas placas frías, productos directos de líquido a chip y sistemas de refrigeración completos. Su reciente Unidad de Distribución de Refrigerante puede enfriar racks de hasta 300 kW y escalar a más de 2 MW de capacidad de refrigeración. La integración combina las tecnologías de refrigeración de JetCool con la experiencia de Flex en infraestructura de TI y sus capacidades de fabricación globales.

Flex (NASDAQ: FLEX)는 데이터 센터를 위한 선도적인 액체 냉각 회사인 JetCool Technologies를 인수하여 데이터 센터 및 전력 포트폴리오를 강화했습니다. 이번 인수는 AI 작업 부하 및 고성능 컴퓨팅을 위한 전력, 열 밀도 및 냉각 요구 사항 증가에 대응할 Flex의 능력을 강화합니다. JetCool은 2019년에 설립되어 매사추세츠에 본사를 두고 있으며, 냉각판, 직접 액체-칩 제품 및 완벽한 냉각 시스템을 포함한 고급 액체 냉각 솔루션을 제공합니다. 그들의 최근 냉각 분배 장치는 최대 300kW의 랙을 냉각할 수 있으며 2MW 이상의 냉각 용량으로 확장할 수 있습니다. 이 통합은 JetCool의 냉각 기술과 Flex의 IT 인프라 전문성 및 글로벌 제조 능력을 결합합니다.

Flex (NASDAQ: FLEX) a acquis JetCool Technologies, une entreprise leader dans le domaine du refroidissement liquide pour les centres de données, afin d'enrichir son portefeuille de centres de données et d'énergie. Cette acquisition renforce la capacité de Flex à répondre aux exigences de puissance, de densité thermique et de refroidissement croissantes pour les charges de travail d'IA et l'informatique haute performance. JetCool, fondée en 2019 et basée dans le Massachusetts, fournit des solutions avancées de refroidissement liquide, y compris des plaques froides, des produits directs liquide-vers-puce et des systèmes de refroidissement complets. Leur récente Unité de Distribution du Fluide de Refroidissement peut refroidir des racks jusqu'à 300 kW et s'adapter à une capacité de refroidissement de plus de 2 MW. L'intégration combine les technologies de refroidissement de JetCool avec l'expertise de Flex en matière d'infrastructure informatique et ses capacités de fabrication mondiales.

Flex (NASDAQ: FLEX) hat JetCool Technologies übernommen, ein führendes Unternehmen für Flüssigkeitskühlung in Rechenzentren, um sein Portfolio im Bereich Rechenzentren und Energie zu erweitern. Die Übernahme stärkt die Fähigkeit von Flex, den zunehmenden Anforderungen an Leistung, thermischer Dichte und Kühlung für KI-Workloads und Hochleistungsrechnen gerecht zu werden. JetCool, 2019 gegründet und mit Sitz in Massachusetts, bietet fortschrittliche Flüssigkeitskühlungslösungen an, darunter kalte Platten, direkte Flüssig-zu-Chip-Produkte und vollständige Kühlsysteme. Ihre aktuelle Kühlmittelverteilungseinheit kann Racks mit bis zu 300 kW kühlen und auf über 2 MW Kühlkapazität skalieren. Die Integration kombiniert die Kühltechnologien von JetCool mit Flex' Expertise in IT-Infrastruktur und globalen Fertigungskapazitäten.

Positive
  • Strategic acquisition expands Flex's data center cooling capabilities
  • Access to JetCool's advanced liquid cooling technology portfolio
  • Enhancement of product offering for high-growth AI and computing markets
  • Vertical integration opportunities in manufacturing and distribution
  • Addition of scalable cooling solutions up to 2MW capacity
Negative
  • None.

Insights

This strategic acquisition positions Flex to capitalize on the surging demand for advanced cooling solutions in AI and high-performance computing infrastructure. JetCool's microconvective cooling technology, capable of handling up to 300kW per rack and scalable to 2MW cooling capacity, addresses a critical bottleneck in data center operations.

The deal significantly enhances Flex's vertical integration capabilities, combining their existing power infrastructure expertise with cutting-edge liquid cooling solutions. This is particularly valuable as data centers struggle with increasing power densities from AI workloads. JetCool's fully sealed cold plates and direct liquid-to-chip products provide Flex with proprietary technology that's already validated by major chipmakers and OEMs.

The acquisition strengthens Flex's competitive position against rivals in the data center infrastructure market, particularly as the industry transitions from traditional air cooling to more efficient liquid cooling solutions. This move could drive significant revenue growth in Flex's data center segment, especially given the accelerating adoption of AI infrastructure.

The timing of this acquisition aligns perfectly with market trends showing exponential growth in AI infrastructure spending. The global data center liquid cooling market is projected to grow significantly, driven by the thermal management requirements of AI accelerators and high-performance computing systems.

JetCool's innovative cooling solutions address a critical market need as data centers upgrade to support AI workloads that generate unprecedented heat levels. Their technology's ability to handle high-density computing environments positions Flex to capture market share in the rapidly growing liquid cooling segment.

This vertical integration move enhances Flex's value proposition in the data center market, potentially leading to higher margins compared to traditional manufacturing services. The acquisition also provides Flex with valuable intellectual property in the thermal management space, creating additional barriers to entry for competitors.

The addition of advanced liquid cooling technology addresses increased heat requirements across the full spectrum of AI workloads and high-performance computing

AUSTIN, Texas, Nov. 14, 2024 /PRNewswire/ -- Flex (NASDAQ: FLEX) announced today it has acquired JetCool Technologies, a leading liquid cooling company for data centers. The acquisition bolsters Flex's data center and power portfolio to help hyperscale and enterprise customers solve growing power, heat, and scale challenges in the era of AI. Building on the partnership announced at the 2024 OCP Global Summit, the deal brings together JetCool's advanced cooling technologies and Flex's expertise across IT and power infrastructure, global manufacturing and vertical integration for customers to deploy AI servers at scale.

"We are excited to welcome JetCool and their talented team to Flex," said Michael Hartung, President, Chief Commercial Officer, Flex. "The addition of JetCool's advanced liquid cooling technology strengthens our ability to help customers address increased power, thermal density, and cooling requirements across the full spectrum of AI workloads and high-performance computing for greater performance, efficiency, and sustainability."

"Joining Flex will undoubtedly take JetCool's technologies to new heights through its global presence, extensive manufacturing capabilities and differentiated suite of data center and power offerings," said Dr. Bernie Malouin, CEO, JetCool. "We look forward to delivering integrated liquid-cooled system and rack solutions with unparalleled efficiency and scale."

Founded in 2019 and headquartered in Littleton, Massachusetts, JetCool delivers liquid cooling solutions that provide the essential foundation for hyperscale, enterprise, colocation, and semiconductor customers to advance innovations in high-performance computing. Utilizing microconvective cooling®, JetCool's products range from fully sealed cold plates and direct liquid-to-chip products to hotspot-targeted embedded liquid cooling and complete turn-key microconvective cooling systems. The company recently announced a Coolant Distribution Unit (CDU) that provides precise cooling for racks up to 300kW and is scalable to row-based configurations for over 2MW of cooling capacity. Deployed by major chipmakers and OEMs, JetCool's state-of-the-art liquid cooling solutions ensure continued advancements in device efficiency, performance, reliability, and sustainability.

Visit Flex at the JetCool booth #2651 at the SC24 conference taking place at the Georgia World Congress Center in Atlanta, Georgia from November 17 - 22, 2024. For more information, visit https://sc24.supercomputing.org/.

Data center manufacturing capabilities, products, and services at scale

Flex delivers advanced manufacturing, data center IT and power infrastructure solutions from the grid to the chip, and product lifecycle services to address industry-wide challenges with power, heat, and scale. The company's cloud-focused manufacturing services span the value chain to support the mass deployment of vertically integrated data center racks from sourcing of materials and private-label components to the design, manufacturing, fulfillment and sustainable maintenance of servers, storage, racks, cabling, switches, bus bars, power shelves, and battery back-up, coupled with liquid cooling technologies. Flex power products enable data center operators to more efficiently manage power through innovative critical power infrastructure, such as switchgear and power distribution units, and embedded power at the server- and rack-levels, such as power modules and power shelves.

About Flex

Flex (Reg. No. 199002645H) is the manufacturing partner of choice that helps a diverse customer base design and build products that improve the world. Through the collective strength of a global workforce across 30 countries and responsible, sustainable operations, Flex delivers technology innovation, supply chain, and manufacturing solutions to diverse industries and end markets.

Contacts

Investors & Analysts 
David A. Rubin 
Vice President, Investor Relations 
(408) 577-4632 
David.Rubin@flex.com

Media & Press 
Jessica Anderson 
Director, Corporate Integrated Marketing and Communications
(408) 577-4789
Jessica.Anderson@flex.com  

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SOURCE Flex

FAQ

What is the purpose of Flex's acquisition of JetCool Technologies?

Flex acquired JetCool to expand its data center and power portfolio, specifically to address increasing power, heat, and scale challenges in AI workloads and high-performance computing through advanced liquid cooling technology.

What cooling capacity can JetCool's Coolant Distribution Unit (CDU) handle?

JetCool's CDU can provide precise cooling for racks up to 300kW and is scalable to row-based configurations for over 2MW of cooling capacity.

When was JetCool Technologies founded and where is it headquartered?

JetCool Technologies was founded in 2019 and is headquartered in Littleton, Massachusetts.

What products does JetCool offer in its cooling solutions portfolio?

JetCool offers fully sealed cold plates, direct liquid-to-chip products, hotspot-targeted embedded liquid cooling, and complete turn-key microconvective cooling systems.

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