v3.26.1
ACQUISITIONS
 6 Months Ended
Jun. 30, 2026
Business Combination [Abstract]  
ACQUISITIONS ACQUISITIONS
The Company makes business acquisitions that align with its strategic business objectives. The assets and liabilities of acquired businesses are recorded in the Consolidated Balance Sheets based on estimates of the fair value of assets acquired, liabilities assumed and noncontrolling interests acquired as of the acquisition date. Goodwill is recognized in the amount that the purchase consideration paid exceeds the fair value of the net assets acquired. Purchase consideration includes both cash paid and the fair value of noncash consideration exchanged, including stock and/or contingent consideration, and is reduced by the amount of cash or cash equivalents acquired.
In April 2026, the Company completed an immaterial acquisition which became part of the Global Pest Elimination reportable segment. No acquisitions were completed during the first six months of 2025. The following table summarizes the acquisition date fair value of net assets acquired from the Company’s acquisition during the second quarter of 2026:

(millions)2026
Net tangible assets (liabilities) acquired$1.4 
Identifiable intangible assets
Customer relationships 12.7 
Trademarks0.9 
Total Intangible Assets13.6 
Goodwill13.5 
Acquisition-related liabilities and contingent consideration(1.9)
Total consideration transferred to sellers, net of cash acquired$26.6 

During the first six months of 2026, the Company recorded immaterial adjustments associated with the finalization of the purchase accounting for its 2025 acquisitions, aside from the acquisition noted below.

Ovivo Electronics Acquisition
On December 16, 2025, the Company acquired Ovivo Electronics for total consideration of $1,596 million in cash, net of cash acquired. Ovivo Electronics is a leading and fast-growing global provider of breakthrough ultrapure water technologies for semiconductor manufacturing. The business became part of the Company’s Global Water reportable segment.
The Ovivo Electronics acquisition has been accounted for as a business combination with the assets acquired and liabilities assumed recognized at fair value as of the acquisition date. The fair values of intangible assets acquired were estimated using discounted cash flow analyses appropriate for the nature of the asset that incorporated projections of future cash flows and other valuation assumptions. Significant inputs and assumptions used in our customer relationship intangible asset valuations include projected revenues, contributory asset charges, tax savings due to amortization, income tax rates, customer attrition rates and discount rates. Significant inputs and assumptions to our trademarks and technology intangible asset valuations include projected revenues, asset life cycle, royalty rates, tax saving due to amortization, income tax rates, discount rates and estimated useful lives. Fair value measurements of certain tangible assets, definite-lived intangible assets, lease right of use assets and liabilities, net pension liabilities, carry over tax attributes, deferred income taxes, income tax uncertainties, and goodwill are preliminary and subject to changes as the information necessary to complete the valuations are obtained and analyzed. Accordingly, purchase accounting for this transaction is not yet complete pending finalization of these valuations and completion of comprehensive accounting policy consistency review. The amounts recorded reflect the Company’s best estimates as of June 30, 2026 and are subject to change.
The following table summarizes the current preliminary acquisition date fair value of net assets acquired in the Ovivo Electronics acquisition:
(millions)December 16, 2025
Net tangible assets (liabilities) acquired($134.7)
Identifiable intangible assets
Customer relationships 327.9 
Technology145.7 
Trademarks43.1 
Total Intangible Assets516.7 
Goodwill1,213.8 
Total consideration transferred to sellers, net of cash acquired$1,595.8 
During the first six months of 2026, the Company recorded purchase accounting adjustments related to Ovivo Electronics, including a $116.6 million decrease in customer relationships, a $15.0 million increase in other intangible assets, $6.7 million decrease in tangible assets, and a $0.1 million increase to consideration transferred to sellers, which resulted in a $108.4 million increase in goodwill.
CoolIT Systems Acquisition
On March 20, 2026, Ecolab entered into an agreement to acquire CoolIT Systems for $4.75 billion, subject to certain adjustments. The acquisition was completed on July 2, 2026. CoolIT Systems is a pure-play data center liquid cooling company that designs and manufactures high-performance liquid cooling systems, including coolant distribution units (CDUs), cold plates and direct-to-chip cooling technologies. Beginning in the third quarter 2026, the business will become part of the Company’s Global Water reportable segment. Based on the timing of the close of the transaction, it is impractical to include a preliminary purchase price allocation. The pro forma financial information is not material to the Company's consolidated financial statements; therefore, this is not presented.

The Company incurred certain transaction and integration costs associated with the acquisitions of Ovivo Electronics and CoolIT Systems that were expensed and are reflected in the Consolidated Statements of Income. Further information related to the Company’s special (gains) and charges is included in Note 2, “Special (Gains) and Charges.”