Upon completion of the transaction, LITEON will hold an approximately 25% equity interest in DCX Liquid Cooling Systems, implying a post-money valuation of approximately PLN 2.6 billion. The investment will bring together DCX Liquid Cooling Systems’ capabilities in liquid cooling technology and LITEON’s expertise in AI server power management and data centre infrastructure design. The companies will jointly develop integrated power and cooling platforms and collaborate on product development, engineering innovation, manufacturing scale-up and global sales.
Founded in 2019, DCX Liquid Cooling Systems supplies liquid cooling systems for data centres supporting AI and high-performance computing. The company serves customers in 75 countries, and its solutions have been deployed by three of the world’s ten largest AI data centre operators. The investment will support DCX Liquid Cooling Systems’ continued international expansion and the construction of a new manufacturing facility where equipment for AI and data centre infrastructure will be developed and manufactured.
The transaction comes amid increasing investment activity and ongoing consolidation in the liquid cooling technology sector. This trend is being driven by the rapid growth of AI applications and the resulting demand for increasingly efficient thermal management systems for high-density data centres.
“LITEON’s investment represents an important milestone in DCX’s global growth and highlights the growing role of Polish technology in the global AI infrastructure value chain. We are delighted to have advised DCX Liquid Cooling Systems and its founders on this strategic transaction with a global technology group,” said Karol Sokół, Partner at GESSEL.
GESSEL acted as lead legal counsel to DCX Liquid Cooling Systems and its founders in connection with the transaction. The firm’s advice included, in particular, structuring the investment, supporting the due diligence process, and preparing and negotiating the transaction documentation, including the investment agreement and shareholders’ agreement.
The GESSEL transaction team is led by Karol Sokół, Partner, and Michał Osowski, Managing Associate, who are supported by Dominik Pytlak, Associate, and Zuzanna Sójka, Associate. The team also includes Karolina Krzal-Kwiatkowska, Managing Associate, Anna Komorzycka, Associate, Dominika Ramírez-Wołkiewicz, Partner, Jakub Dołhun, Associate, Daria Golus, Senior Associate, Wiktoria Bednarska-Busz, Associate, and Barbara Tomczyk-Polek, Managing Associate.
Contact:
Mariusz Świetlik
Marketing and Business Development Director
+48 22 318 6901
About GESSEL:
For over 30 years, GESSEL law firm has been a trusted partner for the business community both in Poland and internationally, offering a client-centric approach which adapts legal services to unique needs. By supporting clients at every stage of their company’s journey, from initial investments and day-to-day operations, through to strategic growth, tax structuring, and dispute resolution, GESSEL has earned a reputation as a comprehensive legal advisor committed to delivering efficiency and success.
Drawing on extensive experience across various sectors – including finance, construction, real estate, food and beverage, transportation, retail, pharmaceuticals, energy, and IT – the firm is well-equipped to address the most demanding business matters, but also high-stakes litigation and complex arbitration proceedings. This versatility is reflected in GESSEL’s consistent presence at the top of both national and international legal rankings, underscoring the enduring trust its clients place in its expertise.
A nearly 100-member team is renowned for delivering practical legal solutions that safeguard client interests, while also driving their projects forward with speed and precision. By combining multidisciplinary knowledge with a deep understanding of the business world, GESSEL ensures that every client benefits from comprehensive advice that supports their vision for success.
Detailed information, including achievements and ranking positions, is available at www.gessel.pl.