US EditionVertiv to Acquire PurgeRite for About $1 Billion to Boost Its Liquid Cooling Portfolio
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Vertiv to acquire PurgeRite for about $1 billion to boost its liquid cooling portfolio
Vertiv Holdings on Monday said it would acquire HVAC services firm PurgeRite Intermediate for about $1 billion, as the data center power equipment maker seeks to expand its liquid cooling services portfolio.Shares of the company rose 1.5 per cent before the bell.The acquisition from the private equity
Vertiv Expands AI Data Center Cooling Power with $1B PurgeRite Deal - HostingJournalist.com
Vertiv, a global leader in digital infrastructure and power management, is expanding its footprint in the high-growth liquid cooling segment with the planned $1 billion acquisition of PurgeRite, a Houston-based specialist in mechanical flushing, purging, and filtration services for data centers.The deal, which includes a potential earn-out of up to $250 million based on 2026 performance metrics, underscores Vertiv’s push to position itself at th…
The proposed acquisition, worth around $1.0 billion, is intended to strengthen Vertiv's leadership position in next-generation cooling infrastructure services in high density and AI-controlled environments. Vertiv Holdings has signed an agreement to acquire Purge Rite Intermediate, LLC, ("PurgeRite"), a leading provider of mechanical flushing, cleaning and filter services [...] Vertiv wants to take over the leading liquid management service prov…
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NCNONLINEVertiv Announces Intent to Acquire PurgeRite, a Leading Provider of Specialized Fluid Management Services, to Expand Liquid Cooling Services Portfolio
~$1.0 Billion planned acquisition expected to strengthen Vertiv's leadership in next-generation thermal chain services for high-density and AI-driven environments
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