Johnson Controls to Acquire Alloy Enterprises, Expanding Liquid‑Cooling Portfolio for Data Centers

JCI
February 19, 2026

Johnson Controls announced the acquisition of Alloy Enterprises, a Boston‑based developer of next‑generation thermal‑management technology for high‑performance data centers and other mission‑critical applications.

Alloy’s proprietary direct‑liquid‑cooling platform can improve thermal‑management efficiency by up to 35 % and reduce pressure drop by up to 75 %, enabling scalable solutions from 500 kW to over 10 MW. The technology complements Johnson Controls’ existing YDAM magnetic‑bearing chillers, YK‑HT two‑stage economized chillers, Silent‑Aire Coolant Distribution Units and YHAU absorption chillers.

The deal is expected to close in fiscal Q3 2026, subject to regulatory approvals and customary closing conditions. Financial terms were not disclosed. The acquisition supports Johnson Controls’ strategy to deepen its data‑center cooling capabilities and accelerate time‑to‑market for advanced thermal‑management solutions, positioning the company as a leading provider of integrated building‑systems technology.

The move comes amid growing demand for efficient cooling in data centers driven by AI and high‑performance computing. Direct liquid cooling is gaining traction as a more efficient alternative to air cooling, and Johnson Controls’ expanded portfolio will allow it to serve a broader range of data‑center sizes and power densities.

By adding Alloy’s technology, Johnson Controls can offer a broader scale of liquid‑cooling solutions, potentially capturing greater market share in the high‑growth data‑center cooling segment and reinforcing its competitive position against other providers.

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