Asetek Signs Long-Term Agreement for Premium Liquid Cooling Solutions Boosting Market Ambition

Asetek's Strategic Leap in Liquid Cooling Technology

Asetek A/S, a prominent player in liquid cooling technology, has announced a groundbreaking long-term agreement with a returning customer, set to significantly elevate its medium-term ambitions in the liquid cooling segment. This new deal, which involves the provision of high-end liquid cooling products based on the Ingrid technology platform, underscores Asetek's commitment to innovation and market leadership.

Details of the Agreement

The agreement entails a significant minimum volume commitment estimated at $35 million over the initial two-year term, with the potential for revenue to surpass this amount depending on actual order volumes. Through this agreement, Asetek is set to deliver a bundled retail package that will include liquid coolers, caps, heat exchangers, and fans, which while might lead to a slightly reduced gross margin, allows for higher unit revenue. The first deliveries are scheduled to commence in Q2 2026, with a second product expected to launch in Q4 2026.

This customer, whose identity remains undisclosed, is recognized as a global leader in providing high-quality computers and components, especially within the competitive PC gaming community. Historically, this customer has been one of Asetek's top three clients, reinforcing the strong partnership that has developed over the past decade.

Enhanced Market Ambitions

As a direct outcome of this agreement, Asetek has revised its medium-term revenue targets for the Liquid Cooling segment, now aiming to achieve revenues exceeding $65 million by the end of the medium-term period, a notable increase from the previously set target of $50 million. The company foresees a trajectory of revenue growth starting in 2026, aligning with its prior expectations. Asetek also aims to maintain an Adjusted EBITDA Margin of over 25% in this segment, demonstrating a robust financial strategy moving forward.

Henrik Lindskou-Mouritsen, VP of Global Sales at Asetek, expressed pride in the partnership, stating, “This confirms Asetek’s position as the top innovator of liquid cooling solutions, with market-leading thermal and acoustic performance.” Asetek’s dedicated collaboration with its customer facilitates tailored solutions that meet specific demands, showcasing the synergy between the two companies’ development teams.

Expected Impact

André Sloth Eriksen, CEO of Asetek, shared his enthusiasm regarding the return of one of the company’s largest customers after a period of reduced shipments. This agreement not only illustrates the resurgence of client interest but also reflects the positive momentum that Asetek is experiencing with both new and existing clients in the Liquid Cooling sphere.

“What we are witnessing is a strong momentum driven by our commitment to product innovation and a concerted commercial effort,” Eriksen stated, indicating the company’s belief that its Liquid Cooling business will return to a growth trajectory as early as 2026.

About Asetek

Founded in 2000, Asetek (ASTK) has emerged as a leader in mechatronic innovation, making significant strides in the development of liquid cooling solutions, particularly tailored for the high-performance PC enthusiast market. Headquartered in Denmark with operational footprints in China and Taiwan, Asetek has continually aimed to enhance immersive SimSports gaming experiences, becoming synonymous with both quality and advanced technology.

In closing, Asetek’s recent long-term agreement marks a pivotal chapter in its journey, promising exciting developments in the realm of liquid cooling and creating fresh opportunities in the marketplace. With innovation at its core and strong partnerships in place, Asetek is set to redefine industry standards, benefiting both the company and its customers in the evolving tech landscape.