Vertiv Completes 1 Billion Dollar Acquisition of PurgeRite
Vertiv has completed its 1 billion dollar acquisition of PurgeRite, expanding its liquid cooling and thermal management capabilities..
✨ Key Highlights
Vertiv has successfully completed its previously announced acquisition of PurgeRite Intermediate for approximately $1 billion. This strategic move aims to bolster Vertiv’s thermal management capabilities, especially in providing next-generation liquid cooling solutions for data centers.
- The deal is valued at approximately $1 billion.
- The acquisition strengthens Vertiv’s leadership in liquid cooling services for high-density computing environments.
- Gio Albertazzi, CEO of Vertiv, emphasized that PurgeRite’s specialized expertise in fluid management complements Vertiv’s portfolio, enhancing support for AI and HPC applications.
- PurgeRite provides mechanical flushing, purging, and filtration services for mission-critical facilities, working with hyperscalers and Tier 1 colocation providers.
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