Vertiv Completes Acquisition Of Geist
Second acquisition of 2018 bolsters cloud, colocation, and edge offerings.
Vertiv, formerly Emerson Network Power, has completed its purchase of Geist, a privately owned manufacturer of rack power distribution units (PDUs) and associated data center power products. This is the second significant acquisition of 2018 for Vertiv, which announced the purchase of Energy Labs Jan. 16.
The acquisition of Geist solidifies Vertiv as a market leader in Rack PDU products, and Energy Labs did the same for Vertiv’s position in the air handling space. With the two acquisitions, Vertiv adds engineering, design and manufacturing capabilities and diversifies its portfolio to better meet the needs of cloud and colocation providers and edge applications while expanding its reach with commercial and industrial customers.
“We are pleased to complete this acquisition and continue to add options for our customers in the cloud, colo and edge spaces,” said Vertiv CEO Rob Johnson. “The acquisitions of Geist and Energy Labs will allow us to offer more diverse, comprehensive solutions for our customers and will play an important role in our continued growth as a company.”
Vertiv announced it had reached an agreement to purchase Geist on Jan. 24. The sale closed on February 1, 2018.