More than 1,000 new production jobs added since Vertiv acquired E+I Engineering in November 2021
Sydney, Australia. [January 17, 2024] – Vertiv (NYSE: VRT), a global provider of critical digital infrastructure and continuity solutions, today announced that the company has increased capacity of its switchgear, busway and integrated modular solutions (IMS) business by more than 100% since acquiring the E&I Engineering and PowerBar Gulf switchgear, busway and IMS business in November 2021, and anticipates further doubling capacity with expansions through the end of 2025.
The expansion plans enable Vertiv to support current commitments and accelerating customer demand for data centre power infrastructure, especially for colocation and hyperscale sites, including applications for AI and high-performance compute.
In the two years since the acquisition of E&I Engineering and PowerBar Gulf, Vertiv has expanded its global manufacturing footprint for switchgear, busbar and modular power solutions by opening new facilities and adding production to existing facilities, resulting in more than 1,000 additional production jobs through 2023.
With additional expansion plans underway, Vertiv expects to more than double capacity for its switchgear, busbar and modular solutions capacity in the next two years.
“When we acquired the switchgear and busway business to complete our end-to-end power management portfolio for data centres and other critical commercial and industrial applications, we anticipated the product set would enable us to deliver greater value and superior solutions for our customers,” said Vertiv CEO Giordano (Gio) Albertazzi. “With the surging growth of data traffic, reinforced by rapid AI acceleration, current demand is exceeding the projections that we formulated at the time of the E&I acquisition. Vertiv is meeting the demand acceleration by investing in capacity in key areas and locations, scaling our operations worldwide and flexibly meeting future demand for power management.”
Albertazzi further noted that the acceleration of AI and other high performance compute is generating demand for capacity and innovation across the company’s offering portfolio, including power, thermal management, and prefabricated modular solutions. “Investing in additional capacity in all global regions aligns with our strategy to enable the growth of the industry and to build a resilient supply chain,” said Albertazzi.
Vertiv’s switchgear, busbar and IMS capacity expansion through increased utilisation and footprint expansion is happening in South Carolina (United States), Mexico, Slovakia, United Arab Emirates, Ireland, and Northern Ireland.
For more information on how Vertiv is powering data centres and other critical applications, visit Vertiv.com.
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About Vertiv
Vertiv (NYSE: VRT) brings together hardware, software, analytics and ongoing services to enable its customers’ vital applications to run continuously, perform optimally and grow with their business needs. Vertiv solves the most important challenges facing today’s data centers, communication networks and commercial and industrial facilities with a portfolio of power, cooling and IT infrastructure solutions and services that extends from the cloud to the edge of the network. Headquartered in Westerville, Ohio, USA, Vertiv does business in more than 130 countries. For more information, and for the latest news and content from Vertiv, visit Vertiv.com.
Forward-Looking Statements
This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27 of the Securities Act, and Section 21E of the Securities Exchange Act. These statements are only a prediction. Actual events or results may differ materially from those in the forward-looking statements set forth herein. Readers are referred to Vertiv’s filings with the Securities and Exchange Commission, including its most recent Annual Report on Form 10-K and any subsequent Quarterly Reports on Form 10-Q for a discussion of these and other important risk factors concerning Vertiv and its operations. Vertiv is under no obligation to, and expressly disclaims any obligation to, update or alter its forward-looking statements, whether as a result of new information, future events or otherwise.
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