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Vertiv to acquire ThermoKey V
ertiv has agreed to acquire ThermoKey, an Italy-based manufacturer of heat-rejection and heat-exchange
technologies, in a move that would broaden Vertiv’s thermal management portfolio and increase its manufacturing capacity, particularly in EMEA. The deal forms part of Vertiv’s continued investment in cooling solutions for high-density and AI-driven data centres. ThermoKey, founded in 1991, supplies dry coolers, microchannel heat exchangers, air- cooled condensers, and liquid cooling systems for data centres, OEMs, and process cooling applications. The company is known for its engineering expertise, long-standing OEM relationships, and technologies compatible with low-GWP and natural refrigerants. Vertiv said the acquisition is expected to
strengthen its ability to support integrated thermal architectures across the full cooling chain, including heat rejection, as operators seek to improve energy effi ciency and manage rising thermal loads associated with AI infrastructure. “Heat rejection is becoming increasingly critical for data centres and AI factories as the industry seeks new ways to unlock capacity, improve energy effi ciency, and scale with confi dence,” said Giordano Albertazzi, CEO at Vertiv. He added that ThermoKey’s engineering capabilities and established OEM partnerships would expand the options available to customers adopting higher- effi ciency cooling strategies. ThermoKey’s design and production capabilities are expected to enhance Vertiv’s thermal technology base and provide additional manufacturing fl exibility. Vertiv also expects the company’s available production capacity
Giordano Albertazzi, CEO at Vertiv
to support growing demand for thermal infrastructure. According to Vertiv, customers stand to benefi t
from expanded support for high-effi ciency cooling approaches, improved system level integration within Vertiv’s converged physical infrastructure strategy, and broader access to advanced dry cooling and heat exchange technologies in EMEA. The transaction is subject to customary closing conditions, including regulatory approvals, and is expected to close in the second quarter of 2026.
6 April 2026 •
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