Vertiv buys ThermoKey
Vertiv agreed to acquire ThermoKey to expand heat‑rejection options for converged, AI‑ready data centers — a sign vendors are consolidating around thermal solutions for heavy compute. That deal tightens the conversation buyers will have about turnkey thermal and power economics for on‑prem DGX/rack installs. (prnewswire.com)
Vertiv announced the ThermoKey agreement on March 23, 2026, via a company release distributed on PR Newswire. (prnewswire.com) ThermoKey, founded in 1991 and headquartered in Italy, manufactures finned-packed cores, unit coolers, liquid coolers, microchannel liquid cores and remote condensers used in HVAC/R and data‑center cooling. (thermokey.com) The deal follows Vertiv’s December 4, 2025 completion of its ~$1.0 billion acquisition of PurgeRite, which added specialized fluid‑management and mechanical flushing capabilities for liquid cooling loops. (investors.vertiv.com) Vertiv also acquired centrifugal chiller technology from BiXin Energy Technology (BSE) in December 2024, a move that expanded Vertiv’s chiller family to systems with up to about 5.5 MW of cooling capacity. (vertiv.com) The company framed ThermoKey as increasing “customer optionality across the thermal chain,” signaling Vertiv’s push to combine heat‑rejection hardware with its existing power, chiller and fluid‑management services. (tmcnet.com) With ThermoKey’s microchannel cores and remote condenser portfolio added to PurgeRite’s fluid‑management and Vertiv’s chiller assets, Vertiv has assembled a contiguous set of products and services spanning row‑to‑facility heat rejection for high‑density DGX/rack installs. (thermokey.com)
