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WSJ Tech News Briefing

TNB Tech Minute: Ecolab Nears Deal to Acquire Data-Center Cooling Company CoolIT

WSJ Tech News Briefing

The Wall Street Journal

Tech News, News

4.31.7K Ratings

🗓️ 19 March 2026

⏱️ 3 minutes

🧾️ Download transcript

Summary

Plus: Adobe probed by U.K. antitrust officials over cancellation fees. And Accenture reports higher revenue. Julie Chang hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

I think the potential of Agenic is to rethink how work gets done overall. It challenges all sorts

0:06.5

of traditional orthodoxies around how organizations execute the work at hand. That's Jason Gersatus,

0:12.6

CEO of Deloitte U.S., talking about the transformational potential of Agenic AI. Join him later to

0:18.9

learn why agents are a game changer for businesses across industries.

0:24.4

Here's your afternoon, TNB Tech Minute, for Thursday, March 19th. I'm Julie Chang for the Wall Street

0:30.1

Journal. We exclusively report that EcoLab is nearing a $4.5 to $5 billion deal to acquire Cool IT systems from KKR.

0:40.2

EcoLab, which has a market value north of $70 billion, specializes in chemical solutions for water

0:46.3

treatment and hygiene. And Cool IT makes liquid cooling systems that are used in data centers.

0:52.5

People familiar with the matter say the deal could be

0:54.8

announced as soon as next week, though it's not final. The price is a significant jump from

1:00.4

Kool IT's roughly $270 million valuation when KKR acquired a majority stake in 2023.

1:08.8

UK antitrust officials are investigating Adobe over early cancellation fees on membership

1:14.8

plans for certain products, which they say may violate consumer protection law.

1:19.9

Adobe distributes digital design tools through apps like Photoshop and Adobe Premiere.

1:24.7

Adobe's annual plan is billed monthly.

1:27.0

But the Competition in Markets Authority says customers cancel Adobe's annual plan is billed monthly. But the Competition and Markets Authority

1:29.1

says customers canceling their annual plan more than two weeks after sign-up must pay 50%

1:35.2

of the remaining yearly cost, but only retain access until that month's billing period ends.

1:41.0

The probe will examine if Adobe's terms are unfair and if customers receive

1:45.6

clear upfront information about these early cancellation fees. Adobe didn't respond to a request

1:51.0

for comment. And Accenture reported higher second quarter revenue as company's AI adoption

1:57.2

continues to drive demand for its services. The tech consulting company posted net income of

...

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