Data Center Parts Maker Xnrgy Said to Mull $10 Billion Sale (1)

The owners of Xnrgy Climate Systems, a closely held provider of cooling technology and thermal management solutions for AI data centers, are considering a sale that could value the company at as much as $10 billion, according to people familiar with the matter.

The owners, which include a BlackRock Inc. and Temasek Holdings Pte joint venture, are working with advisers to explore strategic options for the company, which could include a sale, said the people, who asked not to be identified because they weren’t authorized to speak publicly. Xnrgy is based in Montreal and Mesa, Arizona.

The company received ...