Eaton has completed its acquisition of Boyd Thermal, the thermal management business of Boyd Corporation, purchased from Goldman Sachs Asset Management. Boyd Thermal specializes in advanced thermal components, systems, and ruggedized cooling solutions used across data centers, aerospace, industrial, and other high-performance end markets. The acquisition strengthens Eaton’ s position in liquid cooling and thermal management technologies, particularly as demand accelerates due to AIdriven data center expansion. Eaton stated that integrating Boyd Thermal’ s capabilities will support its strategy of delivering end-to-end solutions“ from grid to chip,” improving system reliability, deployment speed, and overall customer value. Boyd Thermal brings decades of experience in thermal innovation, with roots dating back to 1928 and a strong legacy in aerospace

and industrial applications. The business employs more than 6,000 people and operates manufacturing facilities across North America, Europe, and Asia, serving a global customer base in data center, aerospace, and industrial markets. Eaton leadership highlighted that the acquisition enhances its ability to deliver integrated power and cooling solutions at scale, aligning with growing requirements for high-density computing and AI infrastructure. Boyd Thermal leadership emphasized the strategic fit between both companies’ complementary technologies and global reach. Eaton expects Boyd Thermal to be accretive to adjusted earnings in the second year following closing. The acquired business will be reported within Eaton’ s Electrical Global segment. The transaction reinforces Eaton’ s broader strategy of capitalizing on electrification and digitalization trends across global infrastructure markets.

Keppel Ltd.’ s Infrastructure Division has signed a strategic, non-exclusive collaboration agreement with Midea Building Technologies( MBT), part of Midea Group, to jointly pursue AIenabled, energy-efficient modular cooling solutions across Asia. The agreement was witnessed by Cindy Lim, CEO of Keppel’ s Infrastructure Division, and Peter Guan, Vice President of Midea Group and President of MBT. The partnership combines Keppel’ s expertise in Cooling-as-a-Service( CaaS) and digital optimisation with MBT’ s strengths in HVAC manufacturing and intelligent building systems. Together, they aim to co-develop standardised modular cooling systems that are flexible, scalable, and capexlight, enabling deployment across sectors such as data centres,

industrial parks, healthcare, and aviation hubs. Keppel will pre-fabricate cooling modules for on-site assembly, reducing installation complexity. These systems will connect to Keppel’ s Operations Nerve Centre, powered by its Infrastructure Intelligence platform, which uses AI and machine learning for real-time monitoring, analytics, and remote operations. Integrated with MBT’ s smart equipment and IoT-enabled systems, the solutions are expected to enhance reliability, improve energy efficiency, and lower lifecycle carbon emissions. The collaboration also includes establishing an AI-first Centre of Excellence to support engineering, standardisation, and replication across projects. Financially, the agreement is not expected to materially impact Keppel’ s current earnings or net tangible assets.

Honeywell( HON) has announced that its liquefaction process technology and equipment will be used in NextDecade ' s Rio Grande LNG Train 4 and Train 5 Projects in Brownsville, Texas, through an agreement with engineering, procurement, and construction contractor Bechtel Energy, Inc. NextDecade will use Honeywell’ s high efficiency coil wound heat exchanger( CWHE) equipment and C3MR process technology to help optimize production, improve reliability, and lower facility operating expenses. Honeywell’ s liquefied natural gas( LNG) technology will also be used for the first three liquefaction trains at this facility. The additional two trains will help increase LNG production capacity at Rio Grande

LNG by more than 66 %, from 18 million tonnes per annum( MTPA) to 30 MTPA. All five trains are expected to become operational by mid-2031. Honeywell’ s LNG offerings include pretreatment and liquefaction technologies, along with cuttingedge automation and software technologies to help optimize the overall LNG process scheme. To help reduce risk and expedite construction timelines to enable LNG facilities to enter operation quicker than those built with traditional construction methods, Honeywell also offers modular LNG technology that can be built off-site and shipped to export facilities. Honeywell’ s coil wound heat exchanger equipment provides safe operation,

maximizes space available, and offers the highest throughput in a reliable and robust unit.

Additionally, Honeywell LNG ' s C3MR process is the most utilized liquefaction process in the world.