(Reuters) -Eaton will acquire Boyd Corporation’s thermal business from Goldman Sachs Asset Management for $9.5 billion, the fourth deal this year for the power management firm that’s seeking to bolster its data center segment to cater to AI demand surge.

Boyd Thermal forecast sales of $1.7 billion for 2026, a majority of which is expected to come from its liquid cooling technology used at data centers, Eaton said on Monday.

Eaton is one of the several companies benefiting from surging demand for electrical equipment used at data centers, as businesses worldwide expand their infrastructure to support artificial intelligence applications.

“Our combined expertise in both power and liquid cooling from the chip to the grid will enable customers to manage increasing power demands more effecti

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