Vertiv Expands Reach with Great Lakes Acquisition for Growth
Vertiv's Strategic Acquisition of Great Lakes Data Racks
Acquisition positioned to strengthen leadership in high-density integrated infrastructure offerings
Vertiv (NYSE: VRT), an esteemed global provider of critical digital infrastructure, has recently disclosed its intent to acquire Great Lakes Data Racks & Cabinets for $200 million. This strategic move is designed to solidify Vertiv's leadership in delivering high-density integrated infrastructure solutions, responding effectively to the evolving demands of data centers.
The acquisition marks a significant milestone for Vertiv, especially as it strives to enhance its abilities to provide pre-engineered, AI-ready rack solutions that cater to various sectors, including enterprise, edge, colocation, and hyperscale AI computing markets.
About Great Lakes Data Racks & Cabinets
Founded in 1985, Great Lakes is renowned for its innovative approach to designing and manufacturing customizable data rack enclosures. Headquartered in Edinboro, U.S., and operating across its manufacturing and assembly facilities in both the U.S. and Europe, Great Lakes offers a portfolio that includes standard and custom racks, integrated cabinets, seismic cabinets, and advanced cable management options.
This acquisition is expected to enhance Vertiv's ability to meet a comprehensive range of critical digital infrastructure needs, cementing its position as a leading provider in this rapidly evolving market.
Future-Ready Infrastructure Solutions
The integration of Great Lakes into Vertiv's existing operations aims to deliver numerous benefits to customers. With improved infrastructure sourcing and significantly faster deployment times through pre-engineered solutions, Vertiv is set to enhance operational efficiencies. This will be achieved via the factory integration of Vertiv's™ power and cooling solutions, which will significantly improve scalability for AI and edge computing applications.
Gio Albertazzi, CEO at Vertiv, expressed his enthusiasm about the acquisition, stating that Great Lakes’ extensive portfolio of high-end rack solutions signifies its commitment to innovation in an increasingly demanding high-density AI infrastructure landscape. This strategic alignment of capabilities will enable Vertiv to offer solutions that surpass mere integration, adeptly tackling the complexities presented by next-generation AI technology.
Market Impact and Regulatory Approvals
The transaction, while promising, is still subject to standard closing conditions, including regulatory approvals as outlined by the Hart-Scott-Rodino Antitrust Improvements Act. Following regulatory clearance, it is anticipated that the deal will be finalized by the third quarter of the following year.
Vertiv's strategic endeavor to fuse Great Lakes’ expertise with its own aims to result in consolidated infrastructure sourcing that benefits a wide array of customers, along with comprehensive support from Vertiv's global service network.
With this acquisition, Vertiv reaffirms its commitment to providing innovative solutions that meet the diverse needs of critical digital infrastructure.
About Vertiv
Vertiv (NYSE: VRT) is a company that amalgamates hardware, software, analytics, and continuous services to empower its clients' critical applications to operate non-stop, perform at peak, and expand in line with their needs. The company resolves pressing challenges in today’s data centers and communication networks by offering a comprehensive suite of power, cooling, and IT infrastructure solutions and services, extending from the cloud to the edge of the network.
Headquartered in Westerville, Ohio, USA, Vertiv conducts business in over 130 countries, enabling a vast array of industries to thrive in the digital age.
Frequently Asked Questions
What is the main purpose of Vertiv's acquisition of Great Lakes?
The acquisition aims to strengthen Vertiv's position in high-density integrated infrastructure offerings and enhance its capabilities to deliver AI-ready solutions.
What products does Great Lakes specialize in?
Great Lakes specializes in designing and manufacturing customizable data rack enclosures along with various integrated infrastructure solutions.
How does this acquisition benefit Vertiv's customers?
It benefits customers through improved infrastructure sourcing, faster deployment of solutions, enhanced operational efficiencies, and comprehensive global support.
When is the acquisition expected to be finalized?
The deal is anticipated to close in the third quarter of the year following regulatory approvals.
Which sectors will benefit from this acquisition?
Sectors include enterprise, edge computing, colocation, and hyperscale AI markets, all of which require robust digital infrastructure solutions.
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