Vertiv

Vertiv Holdings Co is an American, Ohio-based, provider of equipment and services for data centers.

Vertiv Holdings Co
TypePublic company
IndustryElectrical equipment
Founded2016 (2016)
HeadquartersColumbus, Ohio, U.S.
Area served
Worldwide
Key people
Productscritical power systems, uninterruptible power supply (UPS) systems, power distribution units (PDUs), thermal management, data center infrastructure management, service and site operations
Revenue US$5 billion (2021)[1]
Total assets US$6.9 billion (2021)[1]
Number of employees
24,000[2]
Websitevertiv.com

Platinum Equity acquired the Emerson Network Power business from Emerson Electric in a transaction valued in excess of $4 billion, completed in December 2016. Emerson Network Power was rebranded as Vertiv. Emerson also retained a subordinated equity piece in the company.[3]

Headquartered in Columbus, Ohio, Vertiv has ~24,000 employees,[4] with business in more than 130 countries, and 19 manufacturing and assembly facilities.[5] The company has regional headquarters in: Maidenhead, England, Bologna, Italy; Miami, Florida; Pasig, Manila, Philippines; Nanshan District, Shenzhen, China; and Mumbai, India.[6]

Through a merger with GS Acquisition Holdings, the company became publicly traded on the New York Stock Exchange (NYSE) on February 10, 2020.[7]

History

Vertiv began as Capitol Refrigeration Industries, established in 1946 by Ralph Liebert in Columbus, Ohio. Liebert Corporation was formed in 1965 as the industry's first manufacturer of computer room air conditioning (CRAC). In 1983, Liebert acquired Programmed Power Corporation, expanding its uninterruptible power supply (UPS) business. Emerson acquired ASCO in 1985, a provider of critical power transfer switches to high-availability power systems. Two years later, Emerson acquired Liebert Corporation. In 2000, Emerson formed its Network Power (ENP) business, integrating critical infrastructure technologies under a single brand. The following decade saw an expansion of ENP with various acquisitions. In 2001, the company increased is presence in Asia with the purchase of Avansys and formation of ENP India. ENP expanded its telecom industry solutions with the 2004 acquisition of Marconi outside plant and power system. In 2006, ENP acquired Germany-based Knürr AG, a leading provider of enclosure systems. Avocent and Chloride were acquired in 2009 and 2010 respectively.

Vertiv era

In 2016, following Platinum Equity's $4 billion acquisition of ENP, the company officially commenced a campaign to rebrand under the name Vertiv. Vertiv launched as a stand-alone business and announced the appointment of Rob Johnson as chief executive officer.[8][9] In 2017, Vertiv sold its ASCO power switch business to Schneider Electric for $1.25 billion.[10] The company made three acquisitions in 2018; Energy Labs, Geist and MEMS. After merging with GS Acquisition Holdings in 2020, Vertiv Holdings Co became public on the New York Stock Exchange (NYSE: VRT).[11] In 2021, Vertiv acquired global power provider E&I Engineering for $1.8 billion.

Current work

Vertiv's primary customers are businesses across three main end markets: data centers, communication networks and commercial & industrial environments. Its principal offerings include:

  • Critical infrastructure & solutions: AC and DC power management, thermal management, and integrated modular solutions.
  • Integrated Rack Solutions: racks, rack power, rack power distribution, rack thermal systems, configurable integrated solutions, and hardware for managing I.T. equipment.
  • Services & spares: Services include preventative maintenance, acceptance testing, engineering and consulting, performance assessments, remote monitoring, training, spare parts, and critical digital infrastructure software.[12]

Research and Development

Vertiv invests approximately 5% of sales into research and development.[13] In 2020, Vertiv spent $228.6 million on research and development.[12]

Partnerships

In April 2021, Vertiv was announced as Founding Partner and Official Data Center Equipment Provider of Columbus Crew.[14]

Acquisitions
Company acquired Country Date Business Reference
Energy Labs USA January 2018 Air Handling Systems [15]
Geist USA February 2018 Rack Power Distribution Units (PDUs) [16]
MEMS Power Generation (MEMS) UK December 2018 Temporary Power Solutions [17]
E&I Engineering Ireland November 2021 Electrical Switchgear & Power Distribution Systems [18]

Brands

Vertiv's brands include:

References
  1. "Vertiv's Fourth Quarter Challenged by Inflationary and Supply Chain Pressures; Expect Pricing Actions Taken to Generate Strong Second Half 2022 and Provide Momentum into 2023".
  2. https://investors.vertiv.com/corporate-profile/default.aspx
  3. "Emerson Wraps Up Sale of Network Power to Platinum Equity". Zacks.com.
  4. "Vertiv Holdings Co. - Investor Relations". investors.vertiv.com. Retrieved 2022-04-28.
  5. "An introduction to Vertiv" (PDF).{{cite web}}: CS1 maint: url-status (link)
  6. "Vertiv Global Headquarters". Vertivco.com. Retrieved 30 June 2018.
  7. Ghose, Carrie (2019-02-10). "Columbus' newest public company makes its stock market debut". Business Journal. Retrieved 2019-02-18.
  8. "Emerson Network Power Rebrands as Vertiv". Plantservices.com.
  9. "Veteran technology executive Rob Johnson to lead new standalone company following sale to Platinum Equity". Vertiv.
  10. Vertiv Sells ASCO to Schneider Electric - Sale enables greater focus on core business
  11. "About Vertiv - A History of Data Center Solutions". www.vertiv.com. Retrieved 2021-06-28.
  12. "United States Securities and Exchange Commission: 2020 Annual Report, Vertiv Holdings Co" (PDF).{{cite web}}: CS1 maint: url-status (link)
  13. "Giordano Albertazzi, President for Europe, Middle East and Africa of Vertiv". The CEO Magazine. Retrieved 2021-09-30.
  14. "Vertiv Teams Up with Columbus Crew SC as Founding Partner and Supplier of Data Center Infrastructure for New Crew Stadium". www.vertiv.com. Retrieved 2021-09-30.
  15. "Vertiv Expands Thermal Management Portfolio With Acquisition of Energy Labs". www.vertiv.com. Retrieved 2021-06-29.
  16. "Vertiv Completes Acquisition of Geist, Expands Global Rack PDU Portfolio". www.vertiv.com. Retrieved 2021-06-29.
  17. "Vertiv Completes Acquisition of MEMS Maintenance Business, Expands Service Capabilities in the U.K." www.vertiv.com. Retrieved 2021-06-29.
  18. "Vertiv Completes Acquisition of E&I Engineering Ireland Limited and its Affiliate, Powerbar Gulf LLC". www.businesswire.com. 2021-11-01. Retrieved 2021-11-05.
  19. "Critical and IT Infrastructure Top Brands | Vertiv". www.vertiv.com. Retrieved 2021-06-28.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.