Vertiv, the global digital‑infrastructure solutions provider, has announced an agreement to acquire Italy‑based ThermoKey S.p.A., a move expected to significantly strengthen Vertiv’s thermal‑management portfolio and deepen its manufacturing capabilities across EMEA. The acquisition, set to close in the second quarter of 2026 pending regulatory approvals, is aimed at supporting the escalating cooling demands of high‑density and AI‑driven data centers.
With AI factories and hyperscale environments pushing thermal limits, Vertiv says the integration of ThermoKey’s dry coolers and microchannel heat‑exchange technologies will expand customer options across the full thermal chain from liquid and air cooling to enhanced heat‑rejection systems. The acquisition aligns with Vertiv’s strategy of advancing converged physical‑infrastructure solutions that help operators stay ahead of rapid compute‑generation cycles.
“Heat rejection is becoming increasingly critical for data centers and AI factories as the industry seeks new ways to unlock capacity and improve energy efficiency.”
— Giordano Albertazzi, CEO, Vertiv
Giordano Albertazzi, CEO of Vertiv, said the collaboration is pivotal at a time when the industry seeks new approaches to manage energy consumption and scale efficiently. “Through our work with ThermoKey, we have come to value its differentiated heat‑exchange technologies, engineering depth, and relationships across OEMs and system integrators. This acquisition is expected to expand the options available to our customers as they adopt more efficient cooling strategies and build infrastructure designed to stay ahead of rapidly evolving compute demands.”
Founded in 1991, ThermoKey brings more than three decades of engineering and manufacturing expertise in heat exchangers for data centers, OEM environments, and industrial cooling. The company is known for its microchannel‑based designs, compatibility with low‑GWP and natural refrigerants, and longstanding global customer relationships.
Vertiv expects the acquisition to deliver key benefits for customers, including enhanced support for high‑efficiency cooling in AI environments, improved system‑level thermal integration, broader choice across liquid and air‑cooling strategies, and strengthened EMEA‑region access to advanced heat‑rejection technologies.
The deal also provides Vertiv with added production capacity to meet growing demand in critical‑thermal‑infrastructure segments, supporting the rollout of solutions such as Vertiv™ CoolLoop Trim Cooler systems aimed at optimizing power utilization and overall efficiency.
