Vertiv to Acquire PurgeRite for $1 Billion to Boost Liquid Cooling Services
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Vertiv Holdings Co. has agreed to acquire Purge Rite Intermediate, LLC for approximately $1 billion in cash, with an additional $250 million contingent on 2026 performance. This acquisition aims to enhance Vertiv's thermal management services, particularly in high-density and AI-driven environments, by integrating PurgeRite's fluid management services. The deal is expected to be margin accretive to Vertiv's Services business and provide significant benefits to customers.
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