Vertiv Holdings Co (VRT)

Vertiv is a global provider of critical digital infrastructure for data centers, communication networks, and commercial and industrial environments. The company designs, manufactures, sells, installs, maintains, and services power and cooling technologies and customized solutions that keep technology systems running without interruption, including designs for rack-scale artificial intelligence compute. Its roots trace to 1946 and the Liebert Corporation, and it later passed through Emerson Electric ownership and a 2016 spin-off. It became publicly traded on the NYSE (VRT) on February 7, 2020, through a business combination with GS Acquisition Holdings Corp.

Vertiv reports three segments based on geography: the Americas, Asia Pacific, and Europe, Middle East & Africa. In 2025 net sales were $10,229.9 million, with 62% in the Americas, 20% in Asia Pacific, and 18% in Europe, Middle East & Africa. Estimated combined order backlog was $15.0 billion at year-end 2025, versus $7.2 billion a year earlier. Offerings include AC and DC power management, thermal management (air and liquid cooled), low and medium voltage switchgear, busbar, integrated modular solutions, racks, single phase UPS, rack power distribution, energy storage, and hardware and software for managing IT equipment. A global services business covers preventive maintenance, project management, remote monitoring, engineering and consulting, fluid management, training, spare parts, and lifecycle services, supported by over 300 service centers and about 5,000 service engineers. Prominent brands include Vertiv, Liebert, NetSure, Geist, Energy Labs, ERS, Albér, and Avocent.

Customers are mainly in three end markets: data centers (hyperscale/cloud, colocation, neocloud, and enterprise), communication networks (wireline, wireless, and broadband), and commercial and industrial applications such as transportation, manufacturing, and oil and gas. Vertiv sells primarily through about 3,000 direct salespeople, supplemented by independent sales representatives, channel partners, distributors, IT resellers, value-added retailers, and original equipment manufacturers. Many installations are done in collaboration with customers from planning through delivery and servicing.

Vertiv has engineering, manufacturing, operations, sales, and service locations in more than 40 countries, with significant manufacturing in all three regions and regional engineering and configuration centers for tailoring products. It sources raw materials from multiple suppliers and pursues supplier and regional diversification, though it notes that part shortages and logistics constraints can occur. It spent $441.7 million on engineering, research and development in 2025 and held about 3,000 registered patents. Competitors include niche players such as Delta Electronics, Stulz, Johnson Controls, and Socomec, and large global players such as Schneider Electric, Eaton, Legrand, and Huawei. The company ran on the Vertiv Operating System, a lean-based operating model, and employed approximately 34,000 people as of December 31, 2025.