# Vertiv to acquire ThermoKey for heat rejection portfolio

Vertiv has agreed to acquire ThermoKey S.p.A., an Italian provider of heat rejection and heat-exchange technologies, to expand its thermal management portfolio for AI data centers. Financial terms were not disclosed.

- Type: Acquisition
- Announced: 2026-03-23
- Where: Italy, Italy
- Status: announced
- Products: dry coolers, microchannel heat exchangers
- Sectors: [HVAC and Industrial Refrigeration](https://endata.com/sectors/hvac-refrigeration.md), [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Vertiv](https://endata.com/companies/14494.md) (acquirer)
- [ThermoKey](https://endata.com/companies/77891.md) (target)

## Sources

- [vertiv.com](https://www.vertiv.com/en-us/about/news-and-events/corporate-news/2026/vertiv-to-acquire-thermokey-expanding-heat-rejection-portfolio-for-converged-physical-infrastructure/), 2026-03-23: "Heat rejection is becoming increasingly critical for data centers and AI factories as the industry seeks new ways to unlock capacity"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.