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Modine shares jumped about 28% after Bloomberg reported the talks; its data centre sales rose 95% last quarter.
Samsung Electronics is in talks to acquire Modine, the Wisconsin maker of cooling systems for data centres, Bloomberg reported, according to The Next Web. A deal could come within weeks, but no final decision has been made and the talks could still fall apart. Both companies declined to comment.
Modine closed at $106.10, a market value of about $5.6 billion, then jumped about 28% in late trading. That value is not an agreed price, Invezz notes.
Data centres are Modine's fastest-growing business. In its fiscal second quarter, data centre sales rose 95% to $439.7 million, and it reported more than $1 billion of data centre orders. In October it spun off its automotive unit to focus on thermal management.
For Samsung, which depends heavily on memory chips, cooling would add another business tied to AI infrastructure. It bought German cooling specialist FläktGroup for €1.5 billion in 2025.
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