Vertiv Doubles Italian Chiller Capacity to Meet AI Data Center Demand
VRT has more than doubled off its 52-week low of $118.7 on light trading volume (0.1× avg).
Summary
Vertiv is investing in its Tognana, Italy campus to double chiller production capacity by end of 2026 and add a large-scale testing lab by early 2027. The expansion targets surging demand for AI-driven liquid cooling and high-density thermal management. This follows the July 1 announcement of a new Malaysia facility, reinforcing a pattern of aggressive capacity build-out. The move strengthens Vertiv's position in advanced cooling infrastructure at a time when AI workloads are pushing thermal limits. The new lab will allow customers to validate complex cooling systems under real-world conditions, potentially accelerating deployment timelines.
At the time of this announcement, VRT was trading at $299.64 on NYSE in the Technology sector, with a market capitalization of approximately $115.1B. The 52-week trading range was $118.70 to $379.94. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: PR Newswire.