Modine has inked a $US4 billion deal to provide Airedale data centre cooling products from 2027 through to 2029.
Modine received an upfront cash payment of $165 million from the customer to support capacity investments and other expenditures needed to meet its commitments.
Modine said the agreement advances Modine's strategic objective of accelerating growth in its data centre business and reflects the collaborative approach Modine takes with key customers.
Modine president & CEO, Neil D. Brinker, said this landmark agreement positions the company as a technology leader.
"We are focused on providing our key customers with the mission-critical cooling solutions necessary to support the build-out of the digital economy, and this agreement is a perfect example of that commitment in action,” he said.
President of Modine’s data centre business, Art Laszlo, said securing this substantial, multi-year agreement with a strategic partner highlights the strength of its Airedale technology and ability to deliver innovative, reliable cooling solutions at scale.
“The dedicated capacity and upfront investment will allow us to confidently expand our operations to meet the stringent demands of our customer,” he said.
“This is an exciting opportunity for our business, and we are proud to support our customer's growth trajectory with our advanced Airedale solutions."