Samsung Electronics (KS:005930) is in talks to acquire Modine Manufacturing (NYSE:MOD), a Wisconsin-based company that develops thermal management systems for data centers, Bloomberg reported, citing people familiar with the matter. The discussions could produce a deal within the coming weeks, although no final decision has been made and the talks could still collapse. Modine shares rose more than 28% in aftermarket trading following the report; the stock was earlier reported to have surged 29% in extended trading. The company, founded in 1916, has benefited from rising demand for data-center cooling solutions as construction expands to support the artificial-intelligence industry. Modine had a market value of $5.6 billion on Thursday, according to LSEG data. Samsung operates 18 global cloud centers through its SDS arm. Another suitor could emerge, while Reuters was unable to immediately verify the report and Samsung and Modine could not be reached for comment.