Nine & Company Selects 'AI Data Center Cooling Solution' as New Growth Business

Nine & Company (formerly Gongguwomun), which was acquired by CCG Investment, announced on July 13 that it has selected the 'Artificial Intelligence (AI) Data Center Cooling Solution' business as a new growth engine and will begin full-scale business expansion.

With the proliferation of generative AI, the power density and heat output of data centers have surged, making the cooling solution market a key infrastructure industry expected to see high growth in the future. Nine & Company explained that, in order to respond proactively to these market changes, it has positioned this business as a new growth axis and established a dedicated organization to build a solid business promotion system.

Nine & Company plans to leverage its core technologies related to cooling solutions to make strategic investments in specialized companies with global networks. Through these efforts, the company aims to secure technological competitiveness early on and launch its own branded products.

According to Nine & Company, the success of the AI data center business hinges not only on securing product competitiveness but also on joining global big tech alliances. Therefore, the company intends to establish a bridgehead through strategic investments in tech companies that meet these criteria, and to strengthen its own sales capabilities through the global network of its newly established department's management. It is also reported that an executive from a relevant tech company has been appointed as an executive in this new department.

A representative from Nine & Company stated, "In addition to our strategic investments in tech companies, the global network held by our current management, CCG Investment, is expected to be a valuable asset in the process of expanding our overseas business in the future."

This content was produced with the assistance of AI translation services.