Markets & companies
Samsung in Reported Talks to Acquire Modine, Owner of Airedale Chillers
Bloomberg reported on 13 November 2026 that Samsung Electronics is discussing a possible acquisition of Modine Manufacturing. No decision has been made, no price disclosed, and both companies declined to comment. The talks would affect Modine's data-center cooling portfolio, including Airedale chillers and liquid-cooling systems.
Samsung Electronics is in reported discussions to acquire Modine Manufacturing, a move that would place the Airedale chiller brand and Modine's liquid-cooling distribution and controls business under a new corporate umbrella. The talks, first reported by Bloomberg on 13 November 2026, remain unconfirmed.
Citing people familiar with the matter, Bloomberg stated that no final decision had been made and that negotiations could fail or a competing bidder could emerge. Representatives of both companies declined to comment. No agreed purchase price has been disclosed. The report describes ongoing talks, not an announced or completed transaction.
For the cooling industry, the key asset in question is Modine's data-center cooling division, which includes Airedale chillers, liquid-cooling distribution hardware, and associated controls. A market-capitalisation figure that appeared in secondary coverage should not be read as an agreed transaction value.
Sources: Bloomberg original report, Kharn industry context.
ORIGINAL SOURCE
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