Samsung in talks to buy data center cooling firm Modine

Samsung Electronics is in talks to buy Modine Manufacturing, a maker of cooling systems for data centers, Bloomberg reported on Thursday, and Modine shares surged more than 28 percent in after hours trading on the report.

Why it matters: Cooling is one of the binding constraints on AI data center construction, and a Samsung purchase of Modine would put a major thermal management supplier inside one of the largest electronics groups building out AI infrastructure.

Data as of Investing.com report of November 12, 2026, read in full via the estate browser route, reporting Bloomberg's account of the same day based on unnamed people familiar with the matter. Single sourced and unconfirmed by either company in the reporting read, with no price or terms reported. Developing item.

Samsung Electronics is in talks to buy Modine Manufacturing, which develops cooling systems for data centers, Bloomberg reported on Thursday, citing people familiar with the matter. The two companies are discussing a potential deal that could come together as soon as the coming weeks, and the report carried no price or other terms.

Modine shares surged more than 28 percent in after hours trading on Thursday to $136.22, after closing at $106.10, down 0.53 percent. The company, founded in 1916, has benefited from rising demand for its data center thermal management systems as AI data center construction has grown, and Samsung operates 18 global cloud centers through its SDS arm.

Samsung in talks to buy data center cooling firm Modine

Sources