supplierScore 75/100Research
Vertiv closed thermal management acquisitions (Thermok, Strategic Thermal Labs) to expand liquid cooling and heat rejection across full thermal spectrum
Giordano Albertazzi· Vertiv· AI· 2026-05-01· about Vertiv Holdings Co; Thermok; Strategic Thermal Labs (VRT)
“We closed the thermok June strengthening our heat rejection capabilities we closed the strategic thermal labs in April where adding server side liquid cooling and coal plate expertise for high density thermal management Together, these two positions expand what we offer across the full thermal spectrum from heat rejection to direct to ship cooling.”
Why it matters
Vertiv is consolidating the thermal management supply chain vertically through acquisitions of specialized heat rejection and direct liquid cooling providers. This locks in thermal content and reduces dependency on third-party thermal suppliers for high-density AI data centers.
Investment implication
Vertiv is expanding addressable thermal content per megawatt by bringing heat rejection and server-side cooling in-house. This increases switching costs for customers and margin expansion potential, but requires successful integration of two new businesses.