Vertiv

Vertiv Holdings Co.

File:Vertiv logo.svg
Formerly	Capitol Refrigeration Industries (1946–1965) Liebert Corporation (1965–2000) Emerson Network Power (2000–2016) Vertiv (2016–present)
Company type	Public
Traded as	NYSE: VRT (Class A) Russell 1000 component
Industry	Electrical equipment
Founded	2016 (2016)
Headquarters	Westerville, Ohio, U.S.
Area served	Worldwide
Key people	David M. Cote (chairman) Giordano Albertazzi (CEO)
Products	Critical power systems, uninterruptible power supply (UPS) systems, power distribution units (PDUs), thermal management, data center infrastructure management, service and site operations
Revenue	Increase US$8.0 billion (2024)
Operating income	Increase US$1.36 billion (2024)
Net income	Increase US$495 million (2024)
Total assets	Increase US$9.13 billion (2024)
Total equity	Increase US$2.43 billion (2024)
Number of employees	c. 31,000
Website	vertiv.com
Footnotes / references

Vertiv is an American multinational provider of critical infrastructure and services for data centers, communication networks, and commercial and industrial environments.

Headquartered in Westerville, Ohio, Vertiv has ~31,000 employees worldwide, operating in more than 40 countries and with 24 manufacturing and assembly facilities.

The company has regional headquarters in: Neuhausen am Rheinfall, Switzerland; Nanshan District, Shenzhen, China; Singapore; Sydney, Australia; and Thane, Maharashtra India.

History

1946–1965: Capitol Refrigeration Industries

Vertiv began as Capitol Refrigeration Industries, established in 1946 by Ralph Liebert (1918-1984) in Columbus, Ohio. Liebert developed the first prototype precision air conditioner in his garage. In early 1965, the prototype was introduced to IBM in Chicago. Recognising the machine's potential, IBM arranged for Liebert to debut his invention at the World Computer Conference in Philadelphia.

1965–2000: Liebert Corporation

Main article: Liebert Corporation

Liebert Corporation was formed in 1965 with just five associates to pursue this fast growing market as the industry's first manufacturer of computer room air conditioning (CRAC) systems. Two years later, in 1967, Liebert made its first international move by setting up a Canadian distributor network. In 1968, the company moved into a new facility in Worthington, Ohio. As its business continued to grow, the company broke ground once again and moved into a 150,000 square foot facility in Columbus, Ohio. In 1977, Liebert launched Conditioned Power Corporation to design and manufacture power distribution, conditioning and monitoring systems for the data processing industry.

Expansion continued as Liebert broke ground for a second major manufacturing facility in Delaware, Ohio, in 1980. Ralph Liebert's son, Larry Liebert, took over the company as president in 1980 and served in this position until 1989. In 1981, Liebert became a public company, listed on the NASDAQ under the symbol LIEB. In 1983, Liebert acquired Franklin Electric subsidiary, Programmed Power Corporation, expanding the company's power division capabilities to include the design and manufacture of uninterruptible power supplies (UPS). That same year, Liebert opened its first overseas production facility in Cork, Ireland. Liebert Corporation was acquired by Emerson Electric in March 1987, remaining a wholly owned subsidiary of Emerson.

2000–2016: Emerson Network Power

In 2000, Emerson formed its Network Power (ENP) business unit, consolidating critical infrastructure technologies under a single brand. In 2001, the company increased its 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, a provider of enclosure systems. In 2007, the Energy Logic energy efficiency model was developed and released. Avocent and Chloride Group were acquired in 2009 and 2010 respectively.

2016–present: Vertiv

In December 2016, Platinum Equity acquired the ENP business from Emerson Electric in a transaction valued in excess of $4 billion. The company was rebranded as Vertiv, and Emerson retained a subordinated equity stake. Vertiv launched as a stand-alone business and appointed Rob Johnson as chief executive officer.

In 2017, Vertiv sold its ASCO power switch business to Schneider Electric for $1.25 billion. The company made three acquisitions in 2018: Energy Labs, Geist and MEMS. Through a merger with a Goldman Sachs-led special purpose acquisition company, GS Acquisition Holdings, Vertiv became publicly traded on the New York Stock Exchange (NYSE: VRT) on February 10, 2020.

In 2021, Vertiv acquired E+I Engineering, a global provider of switchgear, busway and modular power solutions, for $1.8 billion. In December 2023, Vertiv acquired CoolTera Ltd, a provider of coolant distribution infrastructure for data center liquid cooling technology, strengthening its thermal management portfolio for high density compute cooling requirements. In August 2025, it acquired Great Lakes Data Racks & Cabinets, a manufacturer of customised data rack enclosures, seismic cabinets, and cable management systems for $200 million. Most recently, a $1 billion agreement was announced to acquire PurgeRite, a provider of mechanical flushing, purging and filtration services for data centers and mission-critical facilities.

In 2023, Vertiv's share price increased 252%, outperforming all companies in the S&P 500 index.

In 2025, Vertiv debuted on the Fortune 500 at No. 471, and ranked No. 1,174 on the Forbes Global 2000. The company's market capitalization was valued at over $61 billion as of November 2025.

Acquisitions

Vertiv

Date	Company acquired	Country	Business	Reference
November 2025	PurgeRite	USA	Mechanical Flushing, Purging & Filtration Services
August 2025	Waylay NV	Belgium	Generative AI Software
August 2025	Great Lakes Data Racks & Cabinets	USA	Custom Rack Solutions
December 2024	BiXin Energy	China	Centrifugal Chiller Technology
December 2023	CoolTera Ltd	UK	Liquid Cooling Infrastructure Solutions
November 2021	E+I Engineering	Ireland	Electrical Switchgear & Power Distribution Systems
December 2018	MEMS Power Generation	UK	Temporary Power Solutions
February 2018	Geist	USA	Rack Power Distribution Units (PDUs)
January 2018	Energy Labs	USA	Air Handling Systems

Emerson Network Power

Date	Company acquired	Country	Business	Reference
2013	Advanced Protection Technology	USA	Surge Protection
2012	Avtron Loadbank	USA	Load Banks & Testing Systems
2010	Chloride Group	UK	Industrial Power
2009	Avocent	USA	IT Management
2008	Aperture	USA	Data Center Infrastructure Management
2007	Stratos	USA	Radio Frequency & Optical Subsystems
2007	Motorola Embedded Computing	USA	Enclosure Systems
2006	Knürr AG	Germany	Enclosure Systems
2006	Artesyn	USA	Embedded Power Conversion Technologies
2005	Cooligy	USA	Active Cooling Technology
2005	Chloride Telecom Systems	France	Telecom Power Systems
2004	Midwest Microwave	USA	Microwave Connectors & Components
2004	Marconi	USA	Outside Plant & Power Systems
2004	Albér	USA	Battery Monitoring
2001	Avansys	China	Power Conversion
2000	Jordan	USA	Telecommunications Equipment
2000	Ericsson Energy Systems	Sweden	Telecom Power Supplies & Systems

Liebert Corporation

Date	Company acquired	Country	Business	Reference
1998	Nortel APS	Canada	Power Supply Systems
1998	Hiross	Italy	Precision Environmental Control & Monitoring
1998	Firetrol	USA	Electric & Diesel Fire Pump Controllers
1997	Edco	USA	Low-Voltage Surge Protection Devices
1996	HVM	USA	High Voltage Maintenance Services
1995	eti/ERS	USA	Electrical Engineering & Testing
1990	Control Concepts	USA	Transient Voltage Surge Suppression (TVSS)
1988	ASTEC Power	USA	AC-DC & DC-DC Power Supplies
1983	Programmed Power Corporation	USA	Uninterruptible Power Supply (UPS)

Current work

Vertiv's primary customers are businesses across three main end markets: data centers, communication networks and commercial & industrial environments. Vertiv's major customers include Alibaba, America Movil, AT&T, China Mobile, Equinix, Ericsson, Siemens, Telefonica, Tencent, Verizon and Vodafone. Its principal offerings include:

• Critical infrastructure & solutions: AC and DC power management, thermal management, and integrated modular solutions.
• Integrated rack solutions: racks, single phase UPS, rack power distribution, rack thermal systems, configurable integrated solutions, hardware and software for managing IT equipment.
• Services & spares: preventative maintenance, acceptance testing, engineering and consulting, performance assessments, remote monitoring, training, spare parts, and critical digital infrastructure software. Vertiv has over 300 service centers and employs more than 4,000 service field engineers globally.

In 2024, the company received 56% of its revenue in the Americas; 22% from Asia–Pacific; and 22% from Europe, the Middle East and Africa.

Manufacturing facilities

Vertiv has manufacturing facilities located in Delaware, Ohio; Ironton, Ohio; Lincoln, Nebraska; Anderson, South Carolina; Pelzer, South Carolina; Tijuana, Mexicali, Monterrey, Reynosa, Letterkenny, Burnfoot, Campsie, Bologna, Tognana, Volyne, Rugvica, Nové Mesto nad Váhom, Ras Al Khaimah, Ambernath, Chakan, Pune, Mianyang and Jiangmen.

Research and development

Vertiv invests approximately 5% of sales into research and development. In 2024, Vertiv spent $352.1 million on research and development. Vertiv has approximately 3,000 registered patents and 1,800 registered trademarks.

Partnerships

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

In May 2023, Vertiv was selected by Nvidia after securing a $5m grant from ARPA-E's COOLERCHIPS program. Their joint objective over the next three years is to address the challenge of cooling high-density compute by integrating direct liquid cooling and immersion cooling into a single system. Vertiv was selected for its expertise in heat rejection technology.

In December 2023, Vertiv announced its collaboration with Intel to provide pumped two-phase (P2P) liquid cooling infrastructure for the Gaudi3 AI accelerator.

In March 2024, Vertiv joined the Nvidia Partner Network (NPN) as a Solution Advisor: Consultant partner.

Competitors

Vertiv's competitors include Schneider Electric, Eaton, Legrand and Huawei.

Brands

Vertiv produces AC and DC power management products, switchgear and busbar products, thermal management products, integrated rack systems, and modular and management systems for monitoring and controlling digital infrastructure.

Vertiv's brands include:

• Albér (Battery Monitoring)
• Avocent (IT Management)
• E+I Engineering Group (Electrical Switchgear, Modular Power, Energy Management)
• Energy Labs (Commercial and Industrial Thermal)
• Geist (Rack PDU)
• Liebert (AC Power and Thermal)
• Netsure (DC Power)
• PowerBar (Busbar Trunking)

Corporate affairs

Leadership

Senior management

Giordano Albertazzi became Vertiv's Chief Executive Officer on January 1, 2023, following the departure of former CEO Rob Johnson. On July 1, 2023, Anand Sanghi was appointed President of the Americas region.

As of October 30, 2025, the management of Vertiv includes:

• Giordano Albertazzi (Chief Executive Officer)
• Chris Chamberlin (Chief Financial Officer)
• Anand Sanghi (President, Americas)
• Stephen Liang (Chief Technology Officer & Executive Vice President)
• Scott Armul (Executive Vice President, Global Portfolio & Business Units)
• Anders Karlborg (Executive Vice President, Manufacturing, Logistics & Operational Excellence)
• Rachel Thompson (Senior Vice President, Corporate Strategy & Development)
• Philip O’Doherty (Managing Director, E+I Engineering)
• Paul Ryan (Chief Procurement Officer)
• Mike Giresi (Chief Information Officer)
• Frank Poncheri (Chief Human Resources Officer)
• Stephanie Gill (Chief Legal Counsel)
• Karsten Winther (President, Europe, Middle East & Africa)
• Wei Shen (President, Greater China)
• Paul Churchill (Vice President & General Manager, Asia)
• Subhasis Majumdar (Vice President & General Manager, India)

Board of directors

As of October 30, 2025, the board of directors of Vertiv includes:

• David M. Cote (Executive Chairman)
• Giordano Albertazzi (CEO)
• Joseph DeAngelo
• Joseph van Dokkum
• Roger Fradin
• Jakki Haussler
• Jacob Kotzubei
• Matthew Louie
• Edward Monser
• Steven Reinemund

Previous CEOs

1. Rob Johnson (2016–2022)

Ownership

As of December 30, 2024, the largest institutional shareholders of Vertiv were:

• The Vanguard Group (36,356,089 shares, 9.69%)
• BlackRock (34,054,250 shares, 9.07%)
• JP Morgan Chase & Company (13,049,245 shares, 3.48%)
• Fidelity Investments (11,544,591 shares, 3.08%)
• Bank of America Corporation (9,002,806 shares, 2.40%)
• State Street Corporation (7,832,984 shares, 2.09%)
• Jennison Associates LLC (7,754,347 shares, 2.07%)
• Invesco (7,115,819 shares, 1.90%)
• Coatue Management (6,375,917 shares, 1.70%)
• Geode Capital Management (6,050,965 shares, 1.61%)

Finances

Vertiv's financial performance is reported to shareholders on an annual basis and a matter of public record.

Year	Revenue in mil. US$	Growth rate	Net income in mil. US$	Total assets in mil. US$	Price per share in US$	Employees
2018	4,286	—	(314)	4,794	—	—
2019	4,431	3.38%	(141)	4,657	—	19,800
2020	4,371	(1.35)%	(327)	5,071	14.17	20,972
2021	4,998	14.34%	120	6,940	23.89	24,000
2022	5,692	13.89%	77	7,096	13.36	27,000
2023	6,863	20.57%	460	7,999	26.88	27,000
2024	8,012	16.76%	496	9,133	89.09	31,000

External links

• Official website
• Business data for Vertiv:
  • Google
  • Reuters
  • SEC filings
  • Yahoo!