Vertiv formerly Emerson Network Power

Vertiv develops, builds, and maintains critical infrastructures that support critical systems, from data centers to communications networks to industrial facilities. Vertiv is headquartered in Columbus, Ohio (USA). The company employs about 20,000 employees (2019 data). The company operates in more than 130 countries around the world.

Products and Services

Vertiv (formerly called Emerson Network Power) develops DC and AC power supply systems, integrated, integrated adaptive solutions in the fields of power, engineering, information technology. The equipment is used to ensure the continuity of mobile and fixed communications, build data centers and protect the most important areas of business processes.

Vertiv develops, builds, and maintains critical infrastructure technologies used in data centers DPC (), communications networks, and commercial and industrial enterprises. The company's range of services includes solutions in the field of power supply management, thermal operation of equipment and infrastructure.

Business in Russia

2018

Among the large assortment of Vertiv products, it is worth highlighting infrastructure solutions for data centers, which are extremely in demand in Russia and Belarus. According to analysts, in the coming years, demand will continue to grow - according to research by the analytical company McKinsey, by 2025 the share of the digital economy in Russia's GDP will more than double and will be at least 8-10% - this means that the volume of digital data in need of processing will also increase at least twice. Another driver of the growth in the number of data centers and infrastructure for them in the coming years will be the continued penetration of digital technologies. At the end of 2017, Internet penetration in Russia and Belarus, according to GfK, amounted to a little more than 70%, with a significant part of active Internet users being young people. Among people of the older generation (55 years and older), only one in three users of the Global Network is, which leaves a large space for growth.

As part of increasing its presence in the CIS market, Vertiv is developing relations with partners, including within the framework of significant data center support projects for the market. So, in June 2018, the company announced the expansion of a partnership with the Russian data center operator IXcellerate, with which it has been cooperating since 2013. For 5 years, Vertiv has supplied the operator with thermal management products, including air conditioners for cooling computer rooms using refrigerant, as well as innovative adiabatic chillers with Liebert AFC meatballs.

History

2021

Purchase of rival E&I Engineering Group for $2 billion

In early September 2021, UPS manufacturer Vertiv announced the purchase of rival E&I Engineering Group. Vertiv will pay $1.8 billion for the company and its subsidiary Powerbar Gulf, including $1.17 billion in cash and $630 million in Vertiv shares. Read more here.

Opening of a factory in Croatia

On April 22, 2021, Vertiv Holdings Co announced the opening of a plant in Rugvice (Croatia) to expand the supply of integrated modular solutions to EMEA countries .

Thanks to this, production areas increased by 130% and 60%, respectively. In addition, this allowed us to expand production facilities to meet the needs of the growing market for modular data centers of factory readiness.

We often hear about IT trends such as 5G, the Internet of Things and artificial intelligence, but much less often about the physical infrastructure behind all these technologies, "explains Giordano Albertazzi, president of Vertiv in EMEA. - We see that the market for modular solutions to support IT trends is expanding and investing both in production facilities and in innovation in order to continue to meet the needs of our customers and be one step ahead of the competition.

The opened plant will also use a number of innovative technologies for the manufacture of factory-ready modules and cooling equipment.

The Rugwice plant is equipped with the latest technologies, equipment and testing laboratories to ensure uninterrupted production processes, "said Victor Petik, Vice President, Integrated Modular Solutions at Vertiv EMEA. - The plant will produce a full range of modular solutions from ground-based cable stations for connecting to the Internet and communication between different regions to custom-designed data center units. This plant confirms our desire for innovation and development, and I am proud that over the past year we have created about 150 jobs.

2020: Entering the New York Stock Exchange

On February 10, 2020, trading in Vertiv shares began on the New York Stock Exchange. Thus, the company became public.

Today has become an important stage in the history of Vertiv. We have become a public company, taking a good position to create shareholder value and take advantage of the growth opportunities that we see on the horizon, "says Vertiv CEO Rob Johnson, commenting on the company's going public. - We positioned the company for its next stage of development. I can't imagine a team even better to move on.

Vertiv shares begin trading on the New York Stock Exchange

According to former Honeywell CEO David Cote, who is one of the founders of GS Acquisition Holdings (Vertiv was merged with it, thanks to which the manufacturer of data center solutions went public), Vertiv has proven itself well in the market. It has a strong executive team and strategy, enabling the company to continue to strengthen its leading position in the market.

Meeting with potential investors in the last few months and sharing our plans with them, we have clearly seen that there is an interest in the market in a company like Vertiv that demonstrates superior leadership and growth abilities on a global scale, "Coate noted.

Shareholders of GS Acquisition Holdings Corp approved the merger with Vertiv on February 6, 2019. After the transaction closed, Vertiv's previous majority owner, Platinum Equity, owned approximately 38% of Vertiv Holdings Co's outstanding common stock, former shareholders of GS Acquisition Holdings Corp held approximately 25% interest. The remaining 37% were with investors. How the shares became distributed after Vertiv was put on the stock exchange is not specified.^[1]

2019: Merger with GS Acquisition Holdings Corp

On December 10, 2019, Vertiv announced its intention to become an open stock company through a merger with GS Acquisition Holdings Corp. That deal is expected to close in the first quarter of 2020 and Vertiv shares will be listed on the NYSE stock exchange with the code VRT.

As a result of the transaction, the name of the company will be changed to Vertiv Holdings Co. Platinum Equity will retain an approximately 38% stake in Vertiv.

2016: Platinum Equity buys Emerson Network Power $4 billion and renames it Vertiv

In early December 2016, Emerson, a manufacturer of technology solutions for industrial, commercial and consumer markets, completed the sale of Network Power to a group of investors led by American Platinum Equity. As a result of the transaction, the sold company was renamed and received a new CEO.

The sale of Emerson Network Power to Platinum Equity for $4 billion was announced in August 2016. On December 1, the deal was closed, after which Emerson Network Power began operating under the name Vertiv, which came from two English words - "vertex" (vertex) and "active" (active).

Emerson Network Power UPS maker sold for $4 billion

The company was led by Rob Johnson, who was managing partner of Kleiner Perkins Caufield & Byers before this appointment, and even earlier he led the uninterruptible power supply company American Power Conversion (APC), which was bought for $6.1 billion at the end of 2006 by Schneider Electric, which subsequently created the UPS brand APC by Schneider Electric.

As part of the rebranding of Emerson Network Power, the www.vertivco.com website was created, and in January 2017 they will launch an advertising campaign in which Vertiv will begin promoting its brand under the motto "Your task is critical."

Vertiv is headquartered in Columbus, Ohio, USA. The company has more than 20 thousand employees and over 25 production and assembly enterprises around the world. In fiscal 2016, Vertiv's revenue, which at that time was still operating under the name Emerson Newtork Power, amounted to $4.4 billion. Emerson Electric retained a small stake in that company.

Vertiv will continue to develop, build , and maintain critical technologies for data centers, communications networks, and commercial and industrial equipment.^[2]

Notes