ECL · 10-Q · 2026Q2 · Full report
Acquisitions and Partnerships
ECOLAB INC. · 2026-08-06 · Importance 71 · Surprise 60 · In source text
Ecolab acquired Ovivo Electronics on December 16, 2025, for $1,595.8 million in cash, adding ultrapure-water technologies for semiconductor manufacturing to the Global Water segment. On July 2, 2026, Ecolab completed its previously announced $4.75 billion acquisition of CoolIT Systems, a data-center liquid-cooling company, which will join Global Water beginning in the third quarter of 2026. Ovivo’s preliminary purchase accounting included $1,213.8 million of goodwill and $516.7 million of identifiable intangible assets, while CoolIT purchase accounting had not yet been prepared. Acquisition and integration costs totaled $18.7 million in the first six months of 2026, primarily related to Ovivo and CoolIT.
Key facts
- Agreement to acquire CoolIT Systems for $4.75 billion announced March 20, 2026 and acquisition completed on July 2, 2026 source
- Ovivo Electronics acquired on December 16, 2025 for total consideration of $1,595.8 million (presented as $1,596 million in text) source
- Preliminary identifiable intangible assets for Ovivo Electronics on December 16, 2025: customer relationships $327.9 million, technology $145.7 million, trademarks $43.1 million, total intangible assets $516.7 million; goodwill $1,213.8 million; net tangible assets (liabilities) acquired ($134.7) million source
- The company increased cash balances during the period to fund the CoolIT Systems acquisition, which closed on July 2, 2026. source
- On July 2, 2026 the company completed its previously announced acquisition of CoolIT Systems. source
- In Q2 2026, the company incurred $6.6 million of interest expense special charges associated with debt used to fund the CoolIT Systems acquisition. source
- Ovivo purchase accounting adjustments in first six months of 2026: $116.6 million decrease in customer relationships, $15.0 million increase in other intangible assets, $6.7 million decrease in tangible assets, $0.1 million increase to consideration transferred resulting in $108.4 million increase in goodwill source
- Acquisition completed in April 2026 was immaterial and became part of the Global Pest Elimination reportable segment; net assets acquired consideration transferred: $26.6 million source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| assets | positive | realized | +15.9% | Agreement to acquire CoolIT Systems for $4.75 billion announced March 20, 2026 and acquisition completed on July 2, 2026 |
| assets | positive | realized | +4.1% | Preliminary identifiable intangible assets for Ovivo Electronics on December 16, 2025: customer relationships $327.9 million, technology… |
| assets | positive | realized | +1.7% | Preliminary identifiable intangible assets for Ovivo Electronics on December 16, 2025: customer relationships $327.9 million, technology… |
| liability | negative | realized | -0.5% | Preliminary identifiable intangible assets for Ovivo Electronics on December 16, 2025: customer relationships $327.9 million, technology… |
| cash | positive | realized | — | The company increased cash balances during the period to fund the CoolIT Systems acquisition, which closed on July 2, 2026. |
| assets | positive | realized | — | On July 2, 2026 the company completed its previously announced acquisition of CoolIT Systems. |