Vertiv Closes Acquisition of Italian Cooling Specialist ThermoKey
June 13, 2026
Vertiv Closes Acquisition of Italian Cooling Specialist ThermoKey
Vertiv, a global leader in data center power and cooling infrastructure, has finalized its acquisition of ThermoKey, an Italian manufacturer specializing in thermal management solutions. The deal, initially announced in March, marks a strategic move to bolster Vertiv’s capabilities in high-performance cooling as demand surges from AI-driven workloads.
The acquisition expands Vertiv’s thermal management portfolio and strengthens its manufacturing footprint across Europe, the Middle East, and Africa (EMEA). Vertiv noted that it already integrates ThermoKey’s technologies—including heat-exchange solutions, dry coolers, and systems compatible with low-GWP and natural refrigerants—into select thermal products. By bringing ThermoKey in-house, Vertiv aims to deliver more integrated and differentiated heat rejection solutions for high-density data centers.
“Customers are scaling AI infrastructure at an unprecedented pace, and thermal performance is now a critical enabler of capacity and efficiency,” said Giordano Albertazzi, CEO of Vertiv. “With ThermoKey, we are strengthening our capabilities to deliver differentiated, integrated, high-performance heat rejection solutions that help customers deploy faster, operate more efficiently, and scale with confidence.”
Giuseppe Visentini, CEO of ThermoKey, will continue to lead the business under Vertiv’s ownership. “Joining Vertiv means bringing our heat-exchange expertise into a complete, integrated thermal chain that serves high-density data centers,” Visentini said. “We share Vertiv’s engineering rigor and customer focus. ThermoKey joins Vertiv on a path of sustained growth, and from Italy, we will continue to build on that momentum and contribute to the strength of the group across EMEA and around the world.”
The deal underscores a broader industry trend where cooling technology has become a critical bottleneck for AI infrastructure scaling. As data centers pack more compute power into smaller footprints, efficient heat rejection solutions are increasingly vital for maintaining uptime and energy efficiency. Vertiv’s move positions it to capture more value in the thermal management supply chain, particularly in the fast-growing EMEA market.
Source: datacenterdynamics
