Key deals this week: Ecolab, Novartis, 3M and more

2026-03-21 15:15:53 ET

• Savvy Games Group agreed to acquire Moonton studio in a deal valued at $6 billion. The deal is expected to be finalized in the near future, Moonton CEO Zhang Yunfan said in an internal memo reviewed by Bloomberg News.
• Ecolab ( ECL ) said Friday it agreed to acquire data center cooling company CoolIT Systems from KKR ( KKR ) for $4.75B in cash, creating an end-to-end fluid management and cooling platform for AI data centers.
• Novartis ( NVS ) has agreed to buy an experimental breast cancer drug from Synnovation Therapeutics for as much as $3B to support its oncology strategy in HR+/HER2- breast cancer.
• 3M ( MMM ) is partnering with investment firm Bain Capital to acquire Madison Fire & Rescue from Madison Industries for $1.95B. Under the terms of the transaction, 3M and Bain Capital will establish a new joint venture in which 3M will contribute Scott Safety, receive $700M of cash proceeds upon closing, and own 50.1% of the new company, with Bain Capital owning 49.9%.
• S&P Global ( SPGI ) has completed its acquisition of Enertel AI, a company specializing in AI and machine learning-driven short-term power price forecasting for North American electricity markets.
• Public Storage ( PSA ) has agreed to acquire real estate investment trust National Storage Affiliates ( NSA ) in an all-stock deal valued at about $10.5B in enterprise value.
• Super League ( SLE ) has agreed to acquire the ads division of Misfits Gaming Group to expand revenue and speed up its path to profitability (positive adjusted EBITDA).

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