Vertiv Finalizes ThermoKey Acquisition, Bolstering AI Data Center Cooling Solutions
VRT has more than doubled off its 52-week low of $107.38.
Summary
Vertiv has completed its acquisition of ThermoKey S.p.A., a provider of heat rejection and heat-exchange technologies. This follows the initial agreement announced in March 2026. The acquisition expands Vertiv's thermal management portfolio and manufacturing capabilities, particularly in Europe, Middle East, and Africa, strengthening its ability to serve the rapidly growing AI data center market.
At the time of this announcement, VRT was trading at $302.00 on NYSE in the Technology sector, with a market capitalization of approximately $114.4B. The 52-week trading range was $107.38 to $379.94. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: PR Newswire.