Second acquisition of 2018 bolsters cloud, colocation and edge offerings
Columbus, Ohio [February 1, 2018] – Vertiv, formerly Emerson Network Power, today 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.”
Geist is a global company headquartered in Lincoln, Nebraska, and has more than 250 employees. Geist president Brad Wilson will continue as manager of the business, reporting to Pat Johnson, executive vice president of integrated rack systems for Vertiv.
Vertiv announced it had reached an agreement to purchase Geist on Jan. 24. The sale closed today.
Vertiv designs, builds and services critical infrastructure that enables vital applications for data centers, communication networks and commercial and industrial facilities. Formerly Emerson Network Power, Vertiv supports today’s growing mobile and cloud computing markets with a portfolio of power, thermal and infrastructure management solutions including the Chloride®, Liebert®, NetSure™ and Trellis™ brands. Sales in fiscal 2016 were $4.4 billion. For more information, visit VertivCo.com.
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