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Samsung in talks to buy data center cooling firm Modine, Bloomberg News reports
Sofia Cheung
Sofia Cheung
Reporter · Fargo, ND
Sofia Cheung is a dedicated community reporter with a focus on social issues affecting the Fargo area. A graduate of North Dakota State University, she has spent the last four years reporting for local networks, ensuring that underrepresented voices are heard.
More from Sofia →Reporter · Friday, November 13, 2026 at 12:12 AM · 1 min read
Nov 12 (Reuters) – Samsung Electronics is in talks to acquire Modine Manufacturing, a US-listed maker of cooling systems for data centers, Bloomberg News reported on Thursday, citing people familiar with the matter. The companies are discussing a potential deal that could come together as soon as the coming weeks, the report added. Shares of Modine surged 29% in extended trading following the report. The company had a market value of $5.6 billion as of Thursday, according to data compiled by LSEG. No final decision has been made and the talks could still fall apart, the report said, adding that another suitor could also emerge. Reuters could not immediately verify the report. Samsung and Modine could not be reached for comment immediately. (Reporting by Fabiola Arámburo in Mexico City; Editing by Rashmi Aich)
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