Vertiv Holdings Co announced it has completed the acquisition of ThermoKey S.p.A., a provider of heat rejection and heat-exchange technologies. This strategic acquisition expands Vertiv's thermal management portfolio and manufacturing capacity, specifically targeting the growing demand from AI factories and high-density data centers.

Key Details

  • Acquired Company: ThermoKey S.p.A., an Italian-based provider of heat-exchange solutions and dry coolers founded in 1991.
  • Strategic Focus: The deal strengthens Vertiv's ability to provide integrated cooling solutions for high-performance computing and expands its manufacturing and engineering presence in Europe, the Middle East, and Africa (EMEA).
  • Leadership Continuity: ThermoKey CEO Giuseppe Visentini will continue to lead the business post-acquisition, and its operations in Rivarotta, Italy, will remain a key hub.