Soltex Inc., a leading chemical manufacturer and distributor, recently announced the strategic acquisition of DSI Ventures, a well-established player in the dielectric fluid industry. The acquisition became effective September 15, 2023. The move is part of Soltex’s ongoing efforts to expand its market presence and enhances the company’s ability to serve strategic markets including immersion cooling data center, electrical vehicle fluids, and battery storage.
Glenn Bohny, president of Soltex, commented, “The addition of DSI aligns perfectly with our growth strategy. This acquisition will enhance the Soltex product portfolio and accelerates our presence into the data center fluid and e-mobility markets, which will allow us to serve a broader range of customers.”
“The integration of DSI Ventures into the Soltex family marks a pivotal moment in our journey,” said Dawn Allen, president of DSI Ventures. “This partnership goes beyond the expansion of our portfolio; it’s about harnessing the collective strengths of two industry leaders to create unparalleled value for our clients. DSI Ventures’ deep understanding of the electric vehicle market aligns seamlessly with Soltex’s innovation-centric approach, opening doors to revolutionary advancements in AI and immersion cooling technologies.”