Solstice to Acquire Element Solutions for $50.10, Targeting AI Infrastructure

Solstice Advanced Materials agreed to acquire Element Solutions in a cash-and-stock transaction. The deal values Element at approximately $50.10 per share. Element shareholders will receive $10.00 in cash and 0.500 shares of Solstice common stock for each share held. Upon closing, Element shareholders will own approximately 44% of the combined company.

The merger combines Solstice’s thermal management capabilities with Element’s data center cooling solutions. This integration targets secular growth markets including AI infrastructure. The new entity expects to deliver mid-to-high single-digit revenue growth over the medium term.

Solstice anticipates over $180 million in annual net synergies by the third year. These savings will stem from procurement efficiencies and manufacturing optimization. The transaction aims to accelerate the growth of specific technologies such as Kuprion ActiveCopper.