Vertiv

Columbus – October 13, 2026 -- Vertiv (NYSE: VRT) has completed its acquisition of ThermoKey S.p.A., adding heat rejection and heat-exchange manufacturing capacity in Europe, the Middle East and Africa (EMEA) as AI factories and high-density data centers drive demand for thermal systems. The release does not disclose financial terms.

ThermoKey adds heat-exchange and dry cooler technology to Vertiv's thermal chain

ThermoKey supplies heat-exchange solutions and dry coolers, and its technology is compatible with low-GWP and natural refrigerants. Vertiv says this complements its existing portfolio and lets customers optimize for performance, site conditions and growth. The company already uses ThermoKey technologies in select thermal solutions.

Columbus, Ohio – October 13, 2026 -- Vertiv (NYSE: VRT) has opened a manufacturing facility in Johor, Malaysia, to serve rising demand for AI and high-density computing infrastructure across Southeast Asia, North Asia, Australia and New Zealand. The site is expected to bring hundreds of skilled jobs to the region once fully operational in 2027.

The plant adds regional manufacturing, engineering, logistics and deployment capacity in one of Southeast Asia's fastest-growing industrial markets. Vertiv cites the site's regional connectivity and proximity to key technology and customer hubs.

Johor plant handles manufacturing, assembly and full-scale witness testing

The facility covers end-to-end manufacturing, assembly and full-scale witness testing of thermal and power infrastructure. Vertiv says validated performance reduces deployment risk and speeds time to capacity for enterprise, cloud and colocation customers.

Tognana, Italy – October 13, 2026 -- Vertiv expects to double chiller production capacity at its Tognana campus near Padua by the end of 2026, as demand for AI and high-density computing infrastructure drives investment in data center cooling.

The NYSE-listed company will also complete a new large-scale testing laboratory in early 2027, adding integrated validation capacity to the site.

New laboratory will test chillers with liquid cooling under extreme loads

The facility will test large-scale chillers and validate how they integrate with liquid cooling systems under high-density load conditions and extreme temperature ranges. Vertiv says the capability lets customers verify thermal performance under expected site conditions. The aim is to deploy increasingly complex cooling systems with greater speed and confidence.

Columbus, Ohio – October 13, 2026 -- Vertiv has deployed a three-rack SmartIT integrated AI infrastructure configuration at the Naval Postgraduate School (NPS) to support the school's new NVIDIA DGX GB300 system, converting an existing facility into a high-density, liquid-cooled environment.

NVIDIA supplied the DGX GB300 system. Vertiv provided and deployed the supporting physical infrastructure, engineering expertise and installation services needed to bring the environment online. The project covers education, research, digital engineering, modeling and simulation.

Columbus, Ohio – October 13, 2026 -- Vertiv Holdings Co. has agreed to acquire microgrid specialist Utility Innovation Holdings, operating as UtilityInnovation Group (UIG), for about $1.45 billion in cash at closing, plus up to $1.15 billion in additional cash tied to EBITDA targets over 12- and 24-month periods.

Vertiv's wholly-owned subsidiary, Vertiv Corporation, signed the merger agreement. If the full earnout is paid, total consideration could reach $2.6 billion.

Vertiv prices UIG at about 13x expected 2027 EBITDA

At the $1.45 billion upfront price, the deal values UIG at roughly 13x its expected 2027 EBITDA. Vertiv expects that multiple to be significantly lower if the full earnout is paid. The company expects the acquisition to be accretive to adjusted earnings per share in the first year after completion.

Columbus, Ohio – October 13, 2026 -- Vertiv's 2.3 MW CoolChip coolant distribution unit (CDU) has qualified as a NVIDIA DSX Ready CDU, making it the first CDU to qualify specifically under the program, the company said.

Vertiv (NYSE: VRT) is among the initial providers of qualified CDU solutions in NVIDIA DSX Ready. The program lets AI factory builders identify power and cooling products that meet applicable NVIDIA DSX requirements.

Qualification rests on NVIDIA's CDU self-qualification suite

For CDU providers, the program uses the NVIDIA CDU self-qualification suite to determine whether a specific offering meets applicable functional requirements. NVIDIA DSX Ready connects individual products to those requirements.

The qualification does not replace site-specific engineering. Customers must still determine how a qualified product fits their facility design, system configuration and operating requirements.

Columbus – October 13, 2026 -- Vertiv Holdings Co. (NYSE: VRT) has appointed Stellantis manufacturing executive Michael Resha as Executive Vice President of Manufacturing, Logistics and Operational Excellence, effective immediately. He succeeds Anders Karlborg as the critical digital infrastructure supplier scales operations to meet demand driven by AI and high-density computing.

Resha takes charge of capacity expansion and capital deployment

Resha reports to CEO Giordano Albertazzi and joins the executive leadership team. He leads Vertiv's global manufacturing, logistics and operational excellence organization. His remit covers scaling global manufacturing operations, expanding capacity, optimizing capital deployment and aligning operational execution with the company's long-term growth strategy.

He will also continue the deployment and adoption of the Vertiv Operating System (VOS).

Columbus – October 13, 2026 -- Vertiv (NYSE: VRT) named 11 channel partners as 2025 North America Partner Award recipients, with World Wide Technology (WWT) taking the top Partner of the Year honor for year-over-year growth and continued investment in joint AI strategy. Winners were selected on 2025 results, growth trajectory and customer impact.

WWT wins top award on AI factory deployments

WWT's successful AI factory deployments and the integration of Vertiv technologies into its Advanced Technology Center accelerated AI solution innovation and deepened customer engagement, according to Vertiv. Alex Johnson, Vice President, North America Channel Sales, said demand for "high-density, AI-ready environments" is growing and partners are helping customers deploy scalable infrastructure faster.

Pune – October 13, 2026 -- The global market for data center racks drawing more than 100 kW is forecast to grow from USD 37.2 billion in 2025 to USD 52.5 billion by 2034, a 3.5% CAGR, according to a new Credence Research Inc. report.

AI training and inference, accelerated computing and high-performance computing (HPC) workloads are driving demand. They require substantially more rack-level power and cooling than conventional enterprise infrastructure. Direct-to-chip liquid cooling, rear-door heat exchangers, immersion-ready enclosures and higher-capacity power distribution are becoming core design considerations for new deployments.

Delray Beach – September 22, 2026 -- The global modular data center market is projected to grow from $41.0 billion in 2026 to $93.6 billion by 2031, expanding at a compound annual growth rate of 18.0%, according to a new MarketsandMarkets report. The market stood at $34.9 billion in 2025, underscoring an accelerating pace of adoption driven by AI workloads and cloud infrastructure buildouts.

Solution segment dominates as AI deployment demand climbs

The solution segment is set to command $29.85 billion of market value by 2026, the largest share among segment categories. All-in-one modular data centers, which integrate IT racks, power distribution, cooling, fire suppression and security into a single prefabricated enclosure, are forecast to post the highest CAGR at 19.6% through 2031. Skid-mounted systems will grow even faster, at 21.2% annually, as operators seek compact, self-contained infrastructure for rapid rollout in remote and edge locations.