Deal Overview - Eaton, a power management company, is acquiring Boyd Corporation for $9.5 billion [1] - The acquisition gives Eaton a deeper footprint in the data center market [3] Boyd Corporation's Business - Boyd Corporation's thermal business is crucial for data center cooling [2] - Boyd Thermal forecasts sales of $1.7 billion for 2026, with $1.5 billion from liquid cooling [4] - Liquid cooling is essential for next-generation data centers [3][4] Market Implications - The data center market is experiencing significant growth [3] - Liquid cooling is becoming increasingly important in data centers [2][3][4] - The acquisition is a positive move for Eaton, enhancing its position in the data center market [3][4]