Data center, Comfico makes purchase of Ivi following cooling process
In a significant move, Italian cooling systems leader Cofimco has announced the acquisition of Ilmed Ventilazione Industriale (IVI), a company with nearly four decades of experience. This strategic move aims to bolster Cofimco's presence in data center cooling, naval construction, energy generation, and high-intensity industries.
The union of Cofimco and IVI, both focusing on the naval sector and energy production, is part of an international growth strategy promoted by PX3 Partners, a London-based private equity fund that has controlled Cofimco since 2023.
Cofimco's expansion includes Asia and North America, with a production plant in Ningbo, China, being a strong point in the Asia-Pacific region. In line with this growth, the company is setting up a new plant in Houston, Texas, to serve the dynamic North American market for digital infrastructure and renewable energy.
The global HVAC market, according to Allied Market Research data, could exceed $60 billion by 2032. Within this market, the data center cooling systems sector is projected to grow significantly, with a current value of around $16.8 billion and a potential to exceed $42 billion by 2032, growing at a CAGR of 12.4%.
The growth outlook for liquid cooling, a subset of data center cooling, is even more dynamic, with a projected CAGR of 33% until 2032. Key factors fueling this growth include the rising power density in data center racks, efficiency and sustainability benefits, water conservation benefits, and the economic viability showing ROI within 2-4 years despite higher upfront costs.
The global data center liquid cooling market was valued at approximately USD 4.21 billion in 2024 and is projected to grow at a compound annual growth rate (CAGR) of around 15.9% from 2025 to 2033. Immersion cooling, a subset of liquid cooling, also shows strong growth potential, valued at around USD 1.49 billion in 2024 and expected to reach about USD 6.45 billion by 2032.
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Cofimco's strategic alliance with IVI, as part of an international expansion under PX3 Partners, will likely expand their presence in the global HVAC industry, particularly in data center cooling and renewable energy. With the dynamic growth outlook for liquid cooling, a subset of data center cooling, Cofimco is positioning itself to tap into the significant potential of this technology in the international finance sector.
