Reported about 14 hours ago
Vertiv Holdings has announced the acquisition of HVAC services firm PurgeRite Intermediate for approximately $1 billion to expand its liquid cooling services portfolio in response to the increasing demand from data centers for efficient cooling solutions amid the AI boom. The deal, expected to close in Q4 2025, reflects a broader trend in the industry, as other companies, like Eaton, also pursue similar acquisitions to enhance their capabilities.
Source: YAHOO