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 ~27,000 employees worldwide,[3] doing business in more than 130 countries, and operating 23 manufacturing and assembly facilities.[4] The company has regional headquarters in: Bologna, Italy; Miami, Florida; Pasig, Manila, Philippines; Nanshan District, Shenzhen, China; and Mumbai, India.[5]
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&#;: Capitol Refrigeration Industries[
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Vertiv began as Capitol Refrigeration Industries, established in by Ralph Liebert (&#;) in Columbus, Ohio. Liebert developed the first prototype precision air conditioner in his garage. In early , 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.[6][7]
&#;: Liebert Corporation[
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Liebert Corporation was formed in 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 , Liebert made its first international move by setting up a Canadian distributor network. In , 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 , Liebert launched Conditioned Power Corporation to design and manufacture power distribution, conditioning and monitoring systems for the data processing industry.[8]
Expansion continued as Liebert broke ground for a second major manufacturing facility in Delaware, Ohio, in . Ralph Liebert's son, Larry Liebert, took over the company as president in and served in this position until . In , Liebert became a public company, listed on the NASDAQ under the symbol LIEB. In , 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).[8] That same year, Liebert opened its first overseas production facility in Cork, Ireland.[6] Liebert Corporation was acquired by Emerson Electric in March ,[9] remaining a wholly owned subsidiary of Emerson.
&#;: Emerson Network Power[
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In , Emerson formed its Network Power (ENP) business unit, consolidating critical infrastructure technologies under a single brand. The following decade saw an expansion of ENP with various acquisitions. In , 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 acquisition of Marconi outside plant and power system. In , ENP acquired Germany-based Knürr, a leading provider of enclosure systems. In , the Energy Logic energy efficiency model was developed and initially released.[10] Avocent and Chloride were acquired in and respectively.[11]
&#;present: Vertiv[
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In December , Platinum Equity acquired the ENP business from Emerson Electric in a transaction valued in excess of $4 billion, completed in December . The company was rebranded as Vertiv. Emerson also retained a subordinated equity piece in the company.[12] Vertiv launched as a stand-alone business and announced the appointment of Rob Johnson as chief executive officer.[13][14] In , Vertiv sold its ASCO power switch business to Schneider Electric for $1.25 billion.[15] The company made three acquisitions in ; Energy Labs, Geist and MEMS. Through a merger with a Goldman Sachs-led special purpose acquisition company, GS Acquisition Holdings, the company became publicly traded on the New York Stock Exchange (NYSE: VRT) on February 10, .[16][17] In , Vertiv acquired E+I Engineering, a global provider of switchgear, busway and modular power solutions, for $1.8 billion.[18] In December , 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.[19]
In , Vertiv's share price increased 252%, outperforming all companies in the S&P 500 index.[20] The company's market capitalization was valued at over $34 billion as of July .[21]
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Vertiv Date Company acquired Country Business Reference December CoolTera Ltd Liquid Cooling Infrastructure Solutions [22] November E+I Engineering Electrical Switchgear & Power Distribution Systems [23] December MEMS Power Generation Temporary Power Solutions [24] February Geist Rack Power Distribution Units (PDUs) [25] January Energy Labs Air Handling Systems [26] Emerson Network Power Date Company acquired Country Business Reference Advanced Protection Technology Surge Protection [27] Avtron Loadbank Load Banks & Testing Systems [28] Chloride Group Industrial Power [29] Avocent IT Management [30] Aperture Data Center Infrastructure Management [31] Stratos Radio Frequency & Optical Subsystems [32] Motorola Embedded Computing Enclosure Systems [33] Knürr AG Enclosure Systems [34] Artesyn Embedded Power Conversion Technologies [35] Cooligy Microprocessor Active Cooling Technology [36] Chloride Telecom Systems Telecom Power Systems [37] Midwest Microwave Microwave Connectors & Components [38] Marconi Outside Plant & Power Systems [39] Albér Battery Monitoring [40] Avansys Power Conversion [41] Jordan Telecommunications Equipment [42] Ericsson Energy Systems Telecom Power Supplies & Systems [43] Liebert Corporation Date Company acquired Country Business Reference Nortel APS Power Supply Systems [40] Hiross Precision Environmental Control & Monitoring [40] Firetrol Electric & Diesel Fire Pump Controllers [44] Edco Low-Voltage Surge Protection Devices [45] HVM High Voltage Maintenance Services [44] eti/ERS Electrical Engineering & Testing [46] Control Concepts Transient Voltage Surge Suppression (TVSS) [47] ASTEC Power AC-DC & DC-DC Power Supplies [44] Programmed Power Corporation Uninterruptible Power Supply (UPS) [8][
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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.[48] Its principal offerings include:
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Vertiv has global manufacturing footprint, with facilities located in Delaware, Ironton, Lincoln, Anderson, Tijuana, Mexicali, Monterrey, Reynosa, Letterkenny, Burnfoot, Campsie, Bologna, Tognana, Volyne, Rugvica, Nove Mesto, Ras Al Khaimah, Ambernath, Chakan, Pune, Mianyang and Jiangmen.[50]
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Vertiv invests approximately 5% of sales into research and development.[51] In , Vertiv spent $303.5 million on research and development.[52] Vertiv has approximately 2,800 registered patents and 1,700 registered trademarks.[52]
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In April , Vertiv was announced as Founding Partner and Official Data Center Equipment Provider of Columbus Crew.[53]
In May , Vertiv was selected by Nvidia after securing a $5m grant from ARPA-E's COOLERCHIPS program. Their joint objective over the next three years is to address the challenge of cooling high-density compute by integrating direct liquid cooling and immersion cooling into a single system. Vertiv was selected for its expertise in heat rejection technology.[54]
In December , Vertiv announced its collaboration with Intel to provide pumped two-phase (P2P) liquid cooling infrastructure for the Gaudi3 AI accelerator.[55]
In March , Vertiv joined the Nvidia Partner Network (NPN) as a Solution Advisor: Consultant partner.[56]
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Vertiv's competitors include Schneider Electric, Eaton, Legrand and Huawei.[57]
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Vertiv's brands include:[4]
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Giordano Albertazzi became Vertiv's Chief Executive Officer on January 1, ,[58][59] following the departure of former CEO Rob Johnson. On July 1, , Anand Sanghi was appointed President of the Americas region.[60][61]
As of June 30, , the management of Vertiv includes:[62]
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As of June 30, , the board of directors of Vertiv includes:[63]
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As of December 30, , the largest shareholders of Vertiv were:[64]
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Vertiv's financial performance is reported to shareholders on an annual basis and a matter of public record.
Year Revenuein mil. US$
Growth rate Net incomein mil. US$
Total assetsin mil. US$
Price per sharein US$
Employees [65] 4,286 &#; (314) 4,794 &#; &#; [65] 4,431 3.38% (141) 4,657 &#; 19,800 [66] 4,371 (1.35)% (327) 5,071 14.18 20,972 [67] 4,998 14.34% 120 6,940 23.92 24,000 [68] 5,692 13.89% 77 7,096 13.38 27,000 [69] 6,863 20.57% 460 7,999 26.92 27,000[
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Liebert Corporation was a global manufacturer of power, precision cooling and infrastructure management systems for mainframe computer, server racks, and critical process systems headquartered in Westerville, Ohio. Founded in , the company employed more than 1,800 people across 12 manufacturing plants worldwide. Since , Liebert has been a subsidiary of Vertiv.
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Liebert Corporation office in Columbus, OhioFounded by Ralph C. Liebert (-) as Capitol Refrigeration Industries in , Liebert Corporation was formed in as the industry's first[citation needed] designer and manufacturer of computer room air conditioning (CRAC) systems. Targeted to the mainframe computer data-processing market, Liebert CRAC systems were the first totally redundant, self-contained units capable of maintaining air temperature, humidity and air quality within the precision tolerances necessary for media and equipment used in these rooms and taking advantage of the raised floor plenums typically found in such rooms.
In , Liebert launched a partner company named Conditioned Power Corporation to design and manufacture power distribution, conditioning and monitoring systems for the data processing industry. The company remained a wholly owned subsidiary until , when it became a division of Liebert Corporation upon the company's initial public offering. The company strengthened this division in with the acquisition of Franklin Electric subsidiary Programmed Power Corporation. The acquisition expanded the capabilities of the company's power division to include the design and manufacture of uninterruptible power supplies.[1]
Liebert Corporation was acquired by Emerson Electric Co. of St. Louis, Missouri in .[2] The company remained a wholly owned subsidiary of Emerson until , when the company consolidated its network and computer protection businesses to form its Emerson Network Power platform group.[3] As part of the Emerson Network Power platform, the Liebert and Liebert Services businesses offered power, cooling, monitoring and management solutions for critical data center applications, as well as professional services.
Following Platinum Equity's acquisition of Emerson Network Power in , the business was rebranded.[4] Liebert has since operated as a subsidiary of Vertiv.
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Emerson Network Power's Liebert Services business was formed in as Liebert Global Services, a business unit of Liebert Corporation.[5] Liebert Services specialised in network reliability programs including design, engineering, installation, project management and on-site operations management, preventive maintenance and energy-consumption monitoring for data centers, telecom networks and other mission-critical applications.[6]
Specific professional service categories include:
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