- October 3, 2024
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St. Petersburg technology giant Jabil has bought Mikros Technologies, a New Hampshire company that makes “liquid cooling solutions for thermal management.”
Terms of the deal, which closed Oct. 1, were not disclosed.
Based in Claremont, New Hampshire, Mikros employs 60 and has been supplying Jabil with liquid cooling and thermal management products for more than 10 years.
Bringing it into the fold will allow Jabil to offer services to meet a growing demand for liquid cooling at artificial intelligence data centers, the company says in a Thursday morning statement to investors announcing the purchase.
Liquid cooling has become an energy-efficient alternative to air cooling as the “continued adoption of artificial intelligence, energy storage and electric vehicles drives higher-power density systems across consumer and commercial industries,” Jabil says.
According to Jabil, Mikros has developed proprietary microchannel cold plate designs to enhance energy efficiency by effectively cooling over one kilowatt per square centimeter. These technologies will work hand-in-hand with the company’s existing portfolio of data center lifecycle, semiconductor test equipment and energy and transportation offerings.
“This acquisition will provide Jabil with critical capabilities for helping our customers manage the intense thermal requirements of their current and next-generation products while keeping sustainability and cost considerations top of mind.,” the company says in the statement.
Jabil is a multinational manufacturing, design and supply chain solutions company that makes parts for major companies. Last month, it announced an expansion in India with a new $238 million facility that is expected to bring 5,000 jobs.
Its net revenue, according to its fourth quarter earnings report released in September, was down 17.6% to $7 billion when compared with the same time period last year. For the fiscal year, net revenue fell 16.7% to $28.8 billion when compared with the previous fiscal year.
