Vertiv to Acquire ThermoKey to Expand Heat Rejection

Vertiv has entered into an agreement to acquire ThermoKey S.p.A., a heat rejection and heat-exchange technology provider based in Italy. ThermoKey serves OEMs and system integrators and is known for dry coolers and microchannel-based heat-exchange solutions.

Vertiv expects the acquisition to expand its thermal management portfolio and manufacturing capabilities, particularly in EMEA, and strengthen its end-to-end thermal chain for high-density AI data centers. The combined offering is intended to support integrated, system-level thermal architectures across liquid cooling, air cooling, and heat rejection. The deal is expected to close with ThermoKey’s portfolio complementing Vertiv’s thermal technologies.