Vertiv
| Company type | Public |
|---|---|
| Industry | Critical infrastructure, data center services, communication networks |
| Predecessor | Emerson Network Power |
| Founded | 1946 in Columbus, Ohio, United States |
| Founder | Ralph Liebert |
| Headquarters | Westerville, Ohio , United States |
Area served | Worldwide (over 40 countries) |
Key people | Rob Johnson (CEO) |
| Products | AC/DC power management, thermal regulation, modular integrated systems, racks, UPS units, power distribution, thermal management systems, IT asset management software |
Number of employees | 31,000 |
| Parent | None |
| Website | www |
Vertiv is a global American company specializing in essential infrastructure and services tailored for data centers, communication networks, as well as commercial and industrial sectors.
Based in Westerville, Ohio, Vertiv employs around 31,000 individuals worldwide, operates across more than 40 countries, and runs 24 manufacturing and assembly sites.
The firm’s regional headquarters are situated in Neuhausen am Rheinfall, Switzerland, Nanshan District, Shenzhen, China, Singapore, Sydney, Australia, and Thane, Maharashtra, India.
1946–1965: Capitol Refrigeration Industries
The origins of Vertiv trace back to Capitol Refrigeration Industries, which was founded in 1946 by Ralph Liebert (1918–1984) in Columbus, Ohio. Liebert created the initial precision air conditioning prototype in his garage. IBM recognized its significance in 1965 and helped introduce it at the World Computer Conference held in Philadelphia.
1965–2000: Liebert Corporation
Established in 1965 with a team of five, Liebert Corporation aimed to meet the rising demand for computer room air conditioning (CRAC) systems. By 1967, it had expanded internationally through a distributor network in Canada. The company relocated to a new facility in Worthington, Ohio in 1968 and later moved to a larger 150,000-square-foot site in Columbus. In 1977, Liebert founded Conditioned Power Corporation to develop power distribution and monitoring solutions for data processing environments.
The company continued expanding with a second manufacturing plant opening in Delaware, Ohio in 1980. That same year, Larry Liebert assumed the presidency until 1989. Liebert went public on the Nasdaq under the ticker LIEB in 1981. The acquisition of Franklin Electric’s Programmed Power Corporation in 1983 broadened its uninterruptible power supply (UPS) portfolio. This year also marked the launch of Liebert’s first international production facility located in Cork, Ireland. In March 1987, Emerson Electric purchased Liebert Corporation but retained it as a fully owned subsidiary.
2000–2016: Emerson Network Power
In 2000, Emerson created its Network Power division (ENP), integrating various critical infrastructure technologies. Expansion into Asian markets commenced in 2001 through acquiring Avansys and establishing ENP India. ENP bolstered its telecommunications offerings by acquiring Marconi’s outside plant and power system business in 2004 and Germany-based enclosure manufacturer Knürr in 2006. The Energy Logic energy efficiency framework was launched in 2007. Further acquisitions included Avocent in 2009 and Chloride Group in 2010.
2016–present: Vertiv
Platinum Equity purchased ENP from Emerson Electric for more than $4 billion in December 2016, rebranding the business as Vertiv while Emerson retained a minority interest. Rob Johnson was appointed CEO as Vertiv emerged as an independent enterprise.
In 2017, Vertiv divested its ASCO power switch division to Schneider Electric for $1.25 billion. The company grew through acquisitions of Energy Labs, Geist, and MEMS during 2018. Vertiv became publicly traded on the NYSE under the symbol VRT on February 10, 2020, following a merger with Goldman Sachs-backed SPAC GS Acquisition Holdings.
The acquisition of E+I Engineering for $1.8 billion in 2021 enhanced Vertiv’s switchgear and modular power capabilities. In December 2023, it acquired CoolTera Ltd to strengthen its liquid cooling technology for high-density data centers. A $200 million agreement to purchase Great Lakes Data Racks & Cabinets was announced with completion expected by July 2025.
Vertiv’s stock price rose by 252% throughout 2023, outperforming all constituents of the S&P 500 index. In 2025, the company entered the Fortune 500 list at position No. 471 and ranked No. 1,174 on the Forbes Global 2000 list, boasting a market capitalization above $49 billion as of July that year.
Acquisitions
| Date | Acquired Company | Country | Sector | Reference |
|---|---|---|---|---|
| July 2025 | Great Lakes Data Racks & Cabinets | United States United States | Tailored Rack Solutions | |
| December 2024 | BiXin Energy | Template:Country data ChinaTemplate:Namespace detect showall China | Centrifugal Chiller Technologies | |
| December 2023 | CoolTera Ltd | Template:Country data UKTemplate:Namespace detect showall United Kingdom | Liquid Cooling Infrastructure Services | |
| November 2021 | E+I Engineering | Republic of Ireland Ireland | Electrical Switchgear and Power Distribution Equipment | |
| December 2018 | MEMS Power Generation | Template:Country data UKTemplate:Namespace detect showall United Kingdom | Temporary Power Systems | |
| February 2018 | Geist | United States United States | Rack Power Distribution Units (PDUs) | |
| January 2018 | Energy Labs | United States United States | Air Handling Equipment |
| Date | Acquired Company | Country | Industry Segment | Reference |
|---|---|---|---|---|
| 2013 | Advanced Protection Technology | United States United States | Surge Protection Solutions | |
| 2012 | Avtron Loadbank | United States United States | Load Banks and Testing Equipment | |
| 2010 | Chloride Group | Template:Country data UKTemplate:Namespace detect showall United Kingdom | Industrial Power Solutions | |
| 2009 | Avocent | United States United States | IT Management Technologies | |
| 2008 | Aperture | United States United States | Data Center Infrastructure Management (DCIM) | |
| 2007 | Stratos International | United States United States | Radio Frequency and Optical Subsystems | |
| 2007 | Motorola Embedded Computing | United States United States | Enclosure Systems | |
| 2006 | Knürr AG | Germany Germany | Enclosure Systems | |
| 2006 | Artesyn | (
United States) USA |
"Embedded Power Conversion Technologies" | |
| "2005" | "Cooligy" | "Template:Country data "USATemplate:Namespace detect showall" USA | "Active Cooling Technologies" | |
| "2005" | "Chloride Telecom Systems" | "Template:Country data "FranceTemplate:Namespace detect showall" France | "Telecom Power Systems" | |
| "2004" | "Midwest Microwave" | "Template:Country data "USATemplate:Namespace detect showall" USA | "Microwave Connectors and Components" | |
| "2004" | "Marconi" | "Template:Country data "USATemplate:Namespace detect showall" USA | "Outside Plant and Power Systems" | |
| "2004" | "Albér" | "Template:Country data "USATemplate:Namespace detect showall" USA | "Battery Monitoring Systems" | |
| "2001" | "Avansys" | "Template:Country data "ChinaTemplate:Namespace detect showall" China | "Power Conversion Technologies" | |
| "2000" | "Jordan" | "Template:Country data "USATemplate:Namespace detect showall" USA | "Telecommunications Equipment" | |
| "2000" | "Ericsson Energy Systems" | "Template:Country data "SwedenTemplate:Namespace detect showall" Sweden | "Telecom Power Supplies and Systems" |
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| Date | Acquired Company | Country of Origin | Business Focus |
|---|
Current operations
Vertiv caters to enterprises within three primary sectors: data centers, telecom networks, and commercial & industrial markets. Prominent clients encompass Alibaba, America Movil, AT&T, China Mobile, Equinix, Ericsson, Siemens, Telefonica, Tencent, Verizon, and Vodafone. Its principal product and service categories include:
- Critical infrastructure & solutions: management of AC/DC power, thermal regulation, and modular integrated systems.
- Integrated rack solutions: encompassing racks, single-phase UPS units, rack-level power distribution, thermal management systems, customizable integrated configurations, alongside hardware and software for IT asset management.
- Services & spares: comprising preventive maintenance, acceptance testing, engineering advisory, performance evaluations, remote monitoring capabilities, training programs, spare components, and software tailored for critical digital infrastructure. Vertiv maintains a global network of over 300 service centers staffed by more than 4,000 field engineers.
In 2024, revenue was geographically distributed as follows: 56% from the Americas, 22% from the Asia–Pacific region, and 22% from Europe, the Middle East and Africa.
Production sites
Vertiv’s manufacturing operations span multiple locations including Delaware, Ohio; Ironton, Ohio; Lincoln, Nebraska; Anderson, South Carolina; Pelzer, South Carolina; Mexican cities like Tijuana, Mexicali, Monterrey, and Reynosa; Irish facilities in Letterkenny and Burnfoot; the Scottish site at Campsie; Italian plants in Bologna and Tognana; as well as factories in the Czech Republic (Volyne), Croatia (Rugvica), Slovakia (Nové Mesto nad Váhom), UAE (Ras Al Khaimah), India (Ambernath, Chakan, and Pune), and China (Mianyang and Jiangmen).
Research & development
Approximately 5% of Vertiv’s sales revenue is dedicated to research and development. In 2024 alone, the company invested $352.1 million in R&D activities. Its intellectual property portfolio includes nearly 3,000 active patents alongside about 1,800 trademarks.
Strategic collaborations
In April 2021, Vertiv became a Founding Partner and the Official Data Center Equipment Provider for the Columbus Crew soccer team.
Following a $5 million award from the COOLERCHIPS initiative by ARPA-E in May 2023, Vertiv teamed up with Nvidia to co-develop advanced direct liquid cooling and immersion cooling technologies aimed at high-density computing over a three-year period by applying its expertise in heat dissipation.
In December 2023, Vertiv partnered with Intel to provide pumped two-phase (P2P) liquid cooling solutions supporting the Gaudi3 AI accelerator.
By March 2024, Vertiv joined the Nvidia Partner Network (NPN) as a Solution Advisor consultant partner.
Market rivals
Vertiv’s main competitors include firms such as Schneider Electric, Eaton, Legrand, and Huawei.
Brands
Vertiv’s portfolio features AC and DC power management equipment, along with solutions for switchgear and busbar, thermal regulation products for electronics, integrated rack assemblies, and modular management platforms designed for digital infrastructure monitoring and control.
Its brand lineup consists of:
- Albér (Battery Monitoring)
- Avocent (IT Management)
- E+I Engineering Group (Electrical Switchgear, Modular Power Systems, Energy Management)
- Energy Labs (Thermal Solutions for Commercial & Industrial)
- Geist (Rack Power Distribution Units)
- Liebert (AC Power & Thermal Systems)
- Netsure (DC Power Systems)
- PowerBar (Busbar Trunking Systems)
Senior management
Giordano Albertazzi assumed the role of Chief Executive Officer at Vertiv on January 1, 2023, following Rob Johnson’s tenure as CEO. Subsequently, Anand Sanghi took on the position of President for the Americas region starting July 1, 2023.
As of July 22, 2025, the executive leadership team at Vertiv is composed of:
- Giordano Albertazzi (Chief Executive Officer)
- David Fallon (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
The Vertiv board of directors as of June 30, 2025 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
Former CEOs
- Rob Johnson (2016–2022)
Ownership
By December 30, 2024, the principal institutional investors in Vertiv were:
- The Vanguard Group holding 36,356,089 shares (9.69%)
- BlackRock with 34,054,250 shares (9.07%)
- JP Morgan Chase & Company owning 13,049,245 shares (3.48%)
- Fidelity Investments possessing 11,544,591 shares (3.08%)
- Bank of America Corporation holding 9,002,806 shares (2.40%)
- State Street Corporation with 7,832,984 shares (2.09%)
- Jennison Associates LLC controlling 7,754,347 shares (2.07%)
- Invesco owning 7,115,819 shares (1.90%)
- Coatue Management holding 6,375,917 shares (1.70%)
- Geode Capital Management with 6,050,965 shares (1.61%)
Financial performance
Vertiv’s financial data reflects ongoing revenue expansion and enhanced profitability:
| Year | Revenue
(mil. US$) |
Growth rate | Net income
(mil. US$) |
Total assets
(mil. US$) |
Price per share
(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 |
Through targeted strategic initiatives and market growth efforts, Vertiv’s revenues have climbed steadily from $4.3 billion in 2018 to surpassing $8 billion by 2024. The company returned to profitability in 2021 and saw net earnings increase substantially to $496 million in 2024 alongside an expanded workforce reaching 31,000 employees.