Vertiv to buy ThermoKey
Vertiv announced it's acquiring ThermoKey to expand heat‑rejection tech for AI‑ready data centers — a clear nod to growing attention on thermal and power management as GPU fleets scale. That deal reinforces the importance of thermal sizing in on‑prem GPU planning. (prnewswire.com)
Vertiv said it entered into an agreement to acquire ThermoKey S.p.A., announcing the transaction on March 23, 2026. (uk.finance.yahoo.com) ThermoKey, founded in 1991, manufactures heat exchangers including dry‑coolers, air‑cooled condensers and microchannel technologies. (ad.pulpandpaper-technology.com) ThermoKey reported a Q1 2025 turnover of €14.4 million and stated it had €22.5 million in orders in progress as of March 31, 2025. (thermokey.com) Vertiv framed the deal as expanding its heat‑rejection portfolio and increasing customer optionality across the thermal chain for AI‑ready data centers. (tmcnet.com) The acquisition follows Vertiv’s November 2025 agreement to buy PurgeRite for roughly $1 billion in cash with up to $250 million of contingent consideration, underscoring a string of moves into liquid‑cooling and fluid‑management capabilities. (ca.investing.com) Vertiv’s product pages list outdoor condensers and heat‑rejection systems as core offerings, and the company reported roughly 34,000 employees and around 30 manufacturing and assembly facilities in 2025—signals of the scale Vertiv can deploy ThermoKey technology through. (vertiv.com) The company’s public announcement did not disclose a purchase price or definitive close date for the ThermoKey deal. (uk.finance.yahoo.com)
