Samsung Electronics reportedly in talks to acquire data center cooling company Modine

Samsung Electronics is reportedly in talks to acquire U.S. data-center cooling equipment maker Modine Manufacturing ($MOD), according to a Bloomberg report, with no official confirmation or disclosure of deal value, scope, terms, or timing as of the report. Modine's data-center segment revenue rose 95% year over year in its fiscal 2027 second-quarter results announced November 3, a figure reflecting Modine's own business rather than the size of any Samsung transaction. The potential deal would deepen Samsung's exposure to data-center thermal management as AI-driven demand for cooling infrastructure surges. Investors will watch for formal confirmation from either company and any disclosed purchase price or carve-out scope.