Vertiv Strengthens AI Data Center Leadership with ThermoKey Acquisition, Expanding Next-Generation Thermal Infrastructure Capabilities
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The acquisition of ThermoKey enhances Vertiv’s ability to deliver end-to-end thermal management solutions, helping customers accelerate AI data center deployments while improving efficiency, scalability, and sustainability.
Vertiv, a leading player in critical digital infrastructure, has completed the acquisition of ThermoKey S.p.A., a leading provider of heat rejection and heat-exchange technologies with long-standing relationships across original equipment manufacturers (OEMs) and system integrators.
The acquisition expands Vertiv's thermal management portfolio and manufacturing capabilities, particularly in Europe, Middle East, and Africa (EMEA), and strengthens its ability to deliver system-level solutions across the full thermal chain for AI factories and high-density data centers. ThermoKey benefits from Vertiv’s global scale, supporting accelerated growth and expanded market access while enhancing Vertiv's ability to provide thermal architectures that help customers plan for multiple compute generations ahead.
Vertiv currently uses ThermoKey’s technologies in select thermal solutions. ThermoKey’s technology set includes heat-exchange solutions, dry coolers, and compatibility with low-GWP and natural refrigerants that complement Vertiv's portfolio, giving customers flexibility to optimize for performance, site conditions, and growth. Founded in 1991, ThermoKey brings more than 30 years of engineering expertise, in-house design and production capabilities to support its customers and markets.
"As AI workloads continue to drive unprecedented demand for high-density computing infrastructure, advanced thermal management has become a critical determinant of performance and scalability. The acquisition of ThermoKey significantly strengthens our heat rejection portfolio and manufacturing capabilities, enabling Vertiv to deliver more integrated, energy-efficient, and future-ready thermal solutions that help customers build resilient AI factories and data centers at scale."
— Giordano Albertazzi, Chief Executive Officer, Vertiv
"Customers are scaling AI infrastructure at an unprecedented pace, and thermal performance is now a critical enabler of capacity and efficiency," said Giordano Albertazzi, CEO at Vertiv. "With ThermoKey, we are strengthening our capabilities to deliver differentiated, integrated, high-performance heat rejection solutions that help customers deploy faster, operate more efficiently, and scale with confidence."
The ThermoKey Rivarotta, Italy, operations will continue to be a key hub for manufacturing, engineering, and support. Giuseppe Visentini, CEO of ThermoKey, will continue to lead the business, providing continuity for employees, partners, and customers. "Joining Vertiv means bringing our heat-exchange expertise into a complete, integrated thermal chain that serves high-density data centers," said Visentini. "We share Vertiv's engineering rigor and customer focus. ThermoKey joins Vertiv on a path of sustained growth, and from Italy we will continue to build on that momentum and contribute to the strength of the group across EMEA and around the world."
