Vertiv to Acquire ThermoKey, Expanding Heat Rejection Portfolio for AI Data Centers

Vertiv Holdings Co

Acquisition of ThermoKey, an Italian heat rejection technology provider, announced March 23, 2026.
Expected to close in Q2 2026, subject to regulatory approvals and customary conditions.
ThermoKey's dry coolers and microchannel heat-exchange complement Vertiv's thermal management portfolio, especially in EMEA.
Deal supports Vertiv's converged physical infrastructure strategy for high-density AI data centers.
No financial terms disclosed.

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