Vertiv Holdings Co. announced that one of its wholly-owned subsidiaries executed a definitive agreement to acquire ThermoKey S.p.A., a provider of heat rejection and heat-exchange technologies. The acquisition is expected to expand Vertiv's thermal management portfolio and manufacturing in EMEA for AI data centers and is anticipated to close in Q2 2026, subject to customary conditions including regulatory approvals.
Key takeaways
Wholly-owned subsidiary of Vertiv Holdings Co. executed definitive agreement to acquire ThermoKey S.p.A.
ThermoKey S.p.A. founded in 1991 and based in Italy.
Press release issued on March 23, 2026.
Acquisition expected to close in second quarter of 2026.
Subject to customary closing conditions including regulatory approvals.
Expands Vertiv's heat rejection portfolio including dry coolers and microchannel heat-exchange solutions.
Enhances manufacturing capabilities particularly in EMEA.