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| industry = [[Electrical equipment]]
| industry = [[Electrical equipment]]
| products = critical power systems, [[Uninterruptible power supply|uninterruptible power supply (UPS) systems]], [[power distribution unit |power distribution units (PDUs)]], [[thermal management (electronics)|thermal management]], [[data center infrastructure management]], service and site operations
| products = critical power systems, [[Uninterruptible power supply|uninterruptible power supply (UPS) systems]], [[power distribution unit |power distribution units (PDUs)]], [[thermal management (electronics)|thermal management]], [[data center infrastructure management]], service and site operations
| operating_income =
| operating_income = {{increase}} US$166.2 million (2021)<ref name="investors.vertiv.com">{{Cite web|url=https://investors.vertiv.com/financial-news/news-details/2022/Vertivs-Fourth-Quarter-Challenged-by-Inflationary-and-Supply-Chain-Pressures-Expect-Pricing-Actions-Taken-to-Generate-Strong-Second-Half-2022-and-Provide-Momentum-Into-2023/default.aspx|title = Vertiv's Fourth Quarter Challenged by Inflationary and Supply Chain Pressures; Expect Pricing Actions Taken to Generate Strong Second Half 2022 and Provide Momentum into 2023}}</ref>
| net_income =
| net_income = {{increase}} US$119.6 million (2021)<ref name="investors.vertiv.com">{{Cite web|url=https://investors.vertiv.com/financial-news/news-details/2022/Vertivs-Fourth-Quarter-Challenged-by-Inflationary-and-Supply-Chain-Pressures-Expect-Pricing-Actions-Taken-to-Generate-Strong-Second-Half-2022-and-Provide-Momentum-Into-2023/default.aspx|title = Vertiv's Fourth Quarter Challenged by Inflationary and Supply Chain Pressures; Expect Pricing Actions Taken to Generate Strong Second Half 2022 and Provide Momentum into 2023}}</ref>
| assets = {{increase}} US$6.9 billion (2021)<ref name="investors.vertiv.com">{{Cite web|url=https://investors.vertiv.com/financial-news/news-details/2022/Vertivs-Fourth-Quarter-Challenged-by-Inflationary-and-Supply-Chain-Pressures-Expect-Pricing-Actions-Taken-to-Generate-Strong-Second-Half-2022-and-Provide-Momentum-Into-2023/default.aspx|title = Vertiv's Fourth Quarter Challenged by Inflationary and Supply Chain Pressures; Expect Pricing Actions Taken to Generate Strong Second Half 2022 and Provide Momentum into 2023}}</ref>
| assets = {{increase}} US$7.0 billion (2022)<ref name="investors.vertiv.com">{{Cite web|url=https://investors.vertiv.com/financial-news/news-details/2023/Vertiv-Reports-Record-Fourth-Quarter-2022-Net-Sales-Operating-Profit-Adjusted-Operating-Profit1-and-Price-Realization-Raising-Operating-Profit-and-Adjusted-Operating-Profit-Guidance-for-2023/default.aspx}}</ref>
| equity = {{increase}} US$1.4 billion (2021)<ref name="investors.vertiv.com">{{Cite web|url=https://investors.vertiv.com/financial-news/news-details/2022/Vertivs-Fourth-Quarter-Challenged-by-Inflationary-and-Supply-Chain-Pressures-Expect-Pricing-Actions-Taken-to-Generate-Strong-Second-Half-2022-and-Provide-Momentum-Into-2023/default.aspx|title = Vertiv's Fourth Quarter Challenged by Inflationary and Supply Chain Pressures; Expect Pricing Actions Taken to Generate Strong Second Half 2022 and Provide Momentum into 2023}}</ref>
| equity = {{increase}} US$1.4 billion (2022)<ref name="investors.vertiv.com">{{Cite web|url=https://investors.vertiv.com/financial-news/news-details/2023/Vertiv-Reports-Record-Fourth-Quarter-2022-Net-Sales-Operating-Profit-Adjusted-Operating-Profit1-and-Price-Realization-Raising-Operating-Profit-and-Adjusted-Operating-Profit-Guidance-for-2023/default.aspx}}</ref>
| revenue = {{Increase}} {{US$|4.9 billion|link=yes}} (2021)<ref name="investors.vertiv.com">{{Cite web|url=https://investors.vertiv.com/financial-news/news-details/2022/Vertivs-Fourth-Quarter-Challenged-by-Inflationary-and-Supply-Chain-Pressures-Expect-Pricing-Actions-Taken-to-Generate-Strong-Second-Half-2022-and-Provide-Momentum-Into-2023/default.aspx|title = Vertiv's Fourth Quarter Challenged by Inflationary and Supply Chain Pressures; Expect Pricing Actions Taken to Generate Strong Second Half 2022 and Provide Momentum into 2023}}</ref>
| revenue = {{Increase}} {{US$|5.6 billion|link=yes}} (2022)<ref name="investors.vertiv.com">{{Cite web|url=https://investors.vertiv.com/financial-news/news-details/2023/Vertiv-Reports-Record-Fourth-Quarter-2022-Net-Sales-Operating-Profit-Adjusted-Operating-Profit1-and-Price-Realization-Raising-Operating-Profit-and-Adjusted-Operating-Profit-Guidance-for-2023/default.aspx}}</ref>
| num_employees = 24,000<ref>{{Cite web | url=https://investors.vertiv.com/corporate-profile/default.aspx | title=Vertiv Holdings Co. - Investor Relations }}</ref>|
| num_employees = 24,000<ref>{{Cite web | url=https://investors.vertiv.com/corporate-profile/default.aspx | title=Vertiv Holdings Co. - Investor Relations }}</ref>|
| founded = {{Start date and age|2016}}
| founded = {{Start date and age|2016}}

Revision as of 01:07, 24 February 2023

Vertiv Holdings Co
Formerly
  • Capitol Refrigeration Industries
    (1946-1965)
  • Liebert Corporation
    (1965-2000)
  • Emerson Network Power
    (2000-2016)
  • Vertiv
    (2016-present)
Company typePublic company
IndustryElectrical equipment
Founded2016; 8 years ago (2016)
HeadquartersWesterville, Ohio, U.S.
Area served
Worldwide
Key people
Productscritical power systems, uninterruptible power supply (UPS) systems, power distribution units (PDUs), thermal management, data center infrastructure management, service and site operations
RevenueIncrease US$5.6 billion (2022)[1]
Total assetsIncrease US$7.0 billion (2022)[1]
Total equityIncrease US$1.4 billion (2022)[1]
Number of employees
24,000[2]
Websitevertiv.com

Vertiv is an American, Ohio-based, provider of equipment and services for data centers.

Platinum Equity acquired the Emerson Network Power business from Emerson Electric in a transaction valued in excess of $4 billion, completed in December 2016. Emerson Network Power was rebranded as Vertiv. Emerson also retained a subordinated equity piece in the company.[3]

Headquartered in Westerville, Ohio, Vertiv has ~24,000 employees,[4] with business in more than 130 countries, and 23 manufacturing and assembly facilities.[5] The company has regional headquarters in: Bologna, Italy; Miami, Florida; Pasig, Manila, Philippines; Nanshan District, Shenzhen, China; and Mumbai, India.[6]

Through a merger with GS Acquisition Holdings, the company became publicly traded on the New York Stock Exchange (NYSE) on February 10, 2020.[7]

History

Liebert Corporation

Vertiv began as Capitol Refrigeration Industries, established in 1946 by Ralph Liebert (1918-1984) in Columbus, Ohio. Liebert Corporation was formed in 1965 as the industry's first manufacturer of computer room air conditioning (CRAC) systems, with just five associates. In 1977, Liebert launched Conditioned Power Corporation to design and manufacture power distribution, conditioning and monitoring systems for the data processing industry. Ralph Liebert's son, Larry Liebert, took over the company as president in 1980 and served in this position until 1989. In 1981, Liebert became a public company, listed on the NASDAQ under the symbol LIEB. In 1983, Liebert acquired Franklin Electric subsidiary, Programmed Power Corporation, expanding the company's power division capabilities to include the design and manufacture of uninterruptible power supplies (UPS).[8]

Emerson Network Power

Liebert Corporation was acquired by Emerson Electric in 1987.[9] In 2000, Emerson formed its Network Power (ENP) business, integrating critical infrastructure technologies under a single brand. The following decade saw an expansion of ENP with various acquisitions. In 2001, the company increased is presence in Asia with the purchase of Avansys and formation of ENP India. ENP expanded its telecom industry solutions with the 2004 acquisition of Marconi outside plant and power system. In 2006, ENP acquired Germany-based Knürr AG, a leading provider of enclosure systems. Avocent and Chloride were acquired in 2009 and 2010 respectively.

Vertiv

In 2016, following Platinum Equity's $4 billion acquisition of ENP, the company officially commenced a campaign to rebrand under the name Vertiv. Vertiv launched as a stand-alone business and announced the appointment of Rob Johnson as chief executive officer.[10][11] In 2017, Vertiv sold its ASCO power switch business to Schneider Electric for $1.25 billion.[12] The company made three acquisitions in 2018; Energy Labs, Geist and MEMS. After merging with GS Acquisition Holdings in 2020, Vertiv Holdings Co became public on the New York Stock Exchange (NYSE: VRT).[13] In 2021, Vertiv acquired E+I Engineering, a global provider of switchgear, busway and modular power solutions power, for $1.8 billion.[14]

On October 3, 2022, Vertiv announced that Giordano Albertazzi will succeed Rob Johnson as CEO effective January 1, 2023.[15]

Giordano Albertazzi became Vertiv's Chief Executive Officer in January 2023 and retains his role as President, of Americas until a replacement is named.[16]

Current work

Vertiv's primary customers are businesses across three main end markets: data centers, communication networks and commercial & industrial environments. Its principal offerings include:

  • Critical infrastructure & solutions: AC and DC power management, thermal management, and integrated modular solutions.
  • Integrated Rack Solutions: racks, rack power, rack power distribution, rack thermal systems, configurable integrated solutions, and hardware for managing I.T. equipment.
  • Services & spares: services include preventative maintenance, acceptance testing, engineering and consulting, performance assessments, remote monitoring, training, spare parts, and critical digital infrastructure software.[17]

Research and Development

Vertiv invests approximately 5% of sales into research and development.[18] In 2020, Vertiv spent $228.6 million on research and development.[17]

Partnerships

In April 2021, Vertiv was announced as Founding Partner and Official Data Center Equipment Provider of Columbus Crew.[19]

Acquisitions

Company acquired Country Date Business Reference
Energy Labs United States USA January 2018 Air Handling Systems [20]
Geist United States USA February 2018 Rack Power Distribution Units (PDUs) [21]
MEMS Power Generation (MEMS) United Kingdom UK December 2018 Temporary Power Solutions [22]
E+I Engineering Republic of Ireland Ireland November 2021 Electrical Switchgear & Power Distribution Systems [23]

Brands

Vertiv's brands include:

  • Albér (Battery Monitoring)
  • Avocent (IT Management)
  • Cybex (IT Management)
  • E+I Engineering Group (Electrical Switchgear, Modular Power, Energy Management)
  • Energy Labs (Commercial and Industrial Thermal)
  • Geist (Rack PDU)
  • Liebert (AC Power and Thermal)
  • Netsure (DC Power)
  • PowerBar (Busbar Trunking)[24]

References

  1. ^ a b c https://investors.vertiv.com/financial-news/news-details/2023/Vertiv-Reports-Record-Fourth-Quarter-2022-Net-Sales-Operating-Profit-Adjusted-Operating-Profit1-and-Price-Realization-Raising-Operating-Profit-and-Adjusted-Operating-Profit-Guidance-for-2023/default.aspx. {{cite web}}: Missing or empty |title= (help)
  2. ^ "Vertiv Holdings Co. - Investor Relations".
  3. ^ "Emerson Wraps Up Sale of Network Power to Platinum Equity". Zacks.com.
  4. ^ "Vertiv Holdings Co. - Investor Relations". investors.vertiv.com. Retrieved April 28, 2022.
  5. ^ https://www.vertiv.com/49aba1/globalassets/documents/infographics/vertiv-ig-en-gl-fact_sheet_final_103563_06.pdf [bare URL PDF]
  6. ^ "Vertiv Global Headquarters". Vertivco.com. Retrieved June 30, 2018.
  7. ^ Ghose, Carrie (February 10, 2019). "Columbus' newest public company makes its stock market debut". Business Journal. Retrieved February 18, 2019.
  8. ^ "Liebert Corporation Power and Cooling - Company History". December 1, 2007. Archived from the original on December 1, 2007. Retrieved October 22, 2022.
  9. ^ "Company News; Liebert Acquisition. The Emerson Electric Company said it had tentatively agreed to acquire the Liebert Corporation in an exchange of stock valued at about $430 million". The New York Times. December 24, 1986. Retrieved July 9, 2008.
  10. ^ "Emerson Network Power Rebrands as Vertiv". Plantservices.com.
  11. ^ "Veteran technology executive Rob Johnson to lead new standalone company following sale to Platinum Equity". Vertiv.
  12. ^ Vertiv Sells ASCO to Schneider Electric - Sale enables greater focus on core business
  13. ^ "About Vertiv - A History of Data Center Solutions". www.vertiv.com. Retrieved June 28, 2021.
  14. ^ "Vertiv Completes Acquisition of E&I Engineering Ireland Limited and its Affiliate, Powerbar Gulf LLC". www.businesswire.com. November 1, 2021. Retrieved May 26, 2022.
  15. ^ "Vertiv Announces CEO Succession". www.businesswire.com. October 3, 2022. Retrieved October 3, 2022.
  16. ^ "Vertiv Announces New CEO". January 3, 2023.
  17. ^ a b "United States Securities and Exchange Commission: 2020 Annual Report, Vertiv Holdings Co" (PDF).
  18. ^ "Giordano Albertazzi, President for Europe, Middle East and Africa of Vertiv". The CEO Magazine. Retrieved September 30, 2021.
  19. ^ "Vertiv Teams Up with Columbus Crew SC as Founding Partner and Supplier of Data Center Infrastructure for New Crew Stadium". www.vertiv.com. Retrieved September 30, 2021.
  20. ^ "Vertiv Expands Thermal Management Portfolio With Acquisition of Energy Labs". www.vertiv.com. Retrieved June 29, 2021.
  21. ^ "Vertiv Completes Acquisition of Geist, Expands Global Rack PDU Portfolio". www.vertiv.com. Retrieved June 29, 2021.
  22. ^ "Vertiv Completes Acquisition of MEMS Maintenance Business, Expands Service Capabilities in the U.K." www.vertiv.com. Retrieved June 29, 2021.
  23. ^ "Vertiv Completes Acquisition of E&I Engineering Ireland Limited and its Affiliate, Powerbar Gulf LLC". www.businesswire.com. November 1, 2021. Retrieved November 5, 2021.
  24. ^ https://www.vertiv.com/4992d9/globalassets/documents/infographics/vertiv-ig-en-gl-fact_sheet_final_103563_06.pdf [bare URL PDF]
  • Official website
  • Business data for Vertiv:
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