Upon completion of the acquisition, Vertiv's thermal management portfolio and manufacturing capabilities, particularly in EMEA, are expected to be strengthened, and its ability to offer comprehensive end-to-end solutions for AI and high-density data centers will be enhanced.

Following the transaction, ThermoKey is expected to further enhance Vertiv's converged physical infrastructure by expanding the range of thermal technologies available to customers and improving Vertiv's ability to support embedded-level system architectures that help customers stay several generations ahead of computing. ThermoKey's portfolio of dry coolers and microchannel heat exchange solutions complements Vertiv's end-to-end thermal chain, giving customers the flexibility to optimize performance, facility conditions, and growth.

"Heat rejection is becoming increasingly critical for data centers and AI factories as the industry seeks new ways to unlock capacity, improve energy efficiency, and increase reliability," said Giordano Albertazzi, CEO of Vertiv. “ Thanks to our work with ThermoKey, we will bring added value to our customers through specialized heat exchange technologies, engineering expertise, and relationships across all OEMs and system integrators. This acquisition is expected to expand the options available to our customers as they adopt more efficient cooling strategies and build infrastructures designed to scale rapidly as computing evolves.”

Founded in 1991 and headquartered in Italy, ThermoKey brings over three decades of engineering and manufacturing experience in heat exchangers for data center cooling and other demanding applications. The company maintains long-standing relationships with leading manufacturers and distributors worldwide and is recognized for its engineering expertise, application knowledge, and customer collaboration in data center, OEM, and process cooling environments. Its differentiated engineering capabilities, microchannel technologies, and compatibility with low-GWP natural refrigerants position it as a strong choice for advanced, energy-intensive AI data center environments.

ThermoKey's in-house design and production capabilities, along with its portfolio of heat exchangers, dry coolers, air-cooled condensers, and liquid cooling systems, are expected to enhance Vertiv's broader thermal technology base and manufacturing flexibility. Furthermore, ThermoKey's available production capacity is expected to support the continued expansion of Vertiv's portfolio and help meet increasing customer demand in critical thermal infrastructure categories.

For customers, the acquisition is expected to offer several benefits, including:
enhanced support for high-efficiency cooling strategies in AI and high-density applications;
improved system-level integration within Vertiv's converged physical infrastructure;
and the ability to optimize liquid cooling, air cooling, and heat rejection as an integrated thermal chain, including expanded heat rejection capabilities such as the Vertiv™ CoolLoop Trim Cooler , to improve energy use and efficiency.
Expanded access in EMEA to advanced dry cooling and heat exchange technologies, and enhanced engineering and manufacturing support for the speed and scale required in next-generation data center deployments.

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