09:07 AM EDT, 03/20/2026 (MT Newswires) -- (Updates with Q1 and 2026 adjusted earnings guidance in the fourth and fifth paragraphs.)

Ecolab ( ECL ) said Friday it has agreed to buy CoolIT Systems for roughly $4.75 billion in cash.

The acquisition will likely close in Q3, subject to regulatory approvals and other closing conditions, the company said.

CoolIT Systems will likely yield about $550 million in sales over the next 12 months, Ecolab ( ECL ) added.

The company also said it expects Q1 adjusted diluted earnings per share of $1.69 to $1.71, compared with the previous $1.67 to $1.73 range. Analysts surveyed by FactSet expect $1.70.

For 2026, Ecolab ( ECL ) reiterated its adjusted diluted EPS outlook range of $8.43 to $8.63. Analysts polled by FactSet expect $8.49.