Johnson Controls finalizes acquisition of AI-era cooling specialist Alloy Enterprises

Johnson Controls (NYSE:JCI) announced the successful closure of its acquisition of Alloy Enterprises, finalized nearly three months after the agreement was first unveiled on Feb. 18, 2026.

While financial terms were not disclosed, the strategic value of the deal centers on Alloy’s "Stack Forging" process—a patented manufacturing method that produces single-piece, leak-tight cold plates for direct liquid cooling (DLC).

As AI factories and hyperscale data centers shift toward power-hungry chips, traditional air cooling is increasingly reaching its physical limits.

Alloy’s technology reportedly reduces thermal resistance by 35% and cuts pressure drop by up to 4× compared to standard designs, significantly lowering the energy required for cooling systems.

The platform is designed to provide "full-blade" cooling, covering not just GPUs and CPUs, but also memory modules and network interfaces that are becoming emerging heat bottlenecks.

The company plans to scale Alloy’s technology across its wider thermal management architecture, including its York chillers and Silent-Aire coolant distribution platforms.