Asetek, the company credited with inventing the closed-loop liquid cooler for CPUs, is poised for acquisition by CQXA Holdings, a subsidiary of the Chinese electronics conglomerate Suzhou Chunqi. The offer, estimated at 547.4 million Danish Krone (around $85 million), represents a substantial premium for Asetek’s shareholders. Asetek’s shares have seen fluctuations, rising significantly following the announcement.

If this buyout proceeds, CQXA plans to complete a compulsory acquisition of the remaining shares and seeks delisting from Nasdaq Copenhagen. The acquisition reflects CQXA’s interest in Asetek’s innovative cooling technologies and sim racing initiatives. Following this news, Asetek’s stock saw a dramatic increase, almost doubling overnight, indicating robust market confidence in the buyout’s successful closure.