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Vertiv Holdings Co. is a global leader in the design, manufacturing, and servicing of critical digital infrastructure technology. The company provides solutions that power, cool, deploy, secure, and maintain electronics that process, store, and transmit data. Vertiv's offerings are essential for data centers, communication networks, and commercial and industrial environments worldwide.
- Critical Infrastructure & Solutions - Develops and supplies essential infrastructure solutions that ensure the continuous operation of critical technologies.
- Services & Spares - Offers maintenance, repair, and spare parts services to ensure optimal performance and longevity of critical infrastructure.
- Integrated Rack Solutions - Provides comprehensive rack solutions that integrate power, cooling, and monitoring capabilities for efficient data center management.
| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
Giordano Albertazzi ExecutiveBoard | Chief Executive Officer (CEO) | None | Joined Vertiv in 1998; became CEO in 2023 after serving as COO and President of Americas; extensive experience in global operations. | View Report → |
Anand Sanghi Executive | President, Americas | None | Joined Vertiv in 2001; previously President of Asia Pacific; now leads Americas operations. | |
Anders Karlborg Executive | EVP, Manufacturing, Logistics, and Operational Excellence | None | Joined Vertiv in 2018; oversees global manufacturing and logistics; previously held leadership roles at Ericsson and Huawei. | |
Cheryl Lim Executive | Chief Human Resources Officer (CHRO) | None | Joined Vertiv in 2022; previously VP of HR at ITT and Honeywell; focuses on employee engagement and inclusion. | |
David J. Fallon Executive | Chief Financial Officer (CFO) | None | CFO since 2020; previously CFO at CLARCOR and Noble International; holds CPA and CFA certifications. | |
Edward Cui Executive | President, Greater China | None | Joined Vertiv in 1997; leads China operations; previously VP of Engineering and Sales in Asia Pacific. | |
Karsten Winther Executive | President, EMEA | None | Joined Vertiv in 2018; previously VP of Sales for EMEA; now leads EMEA operations. | |
Sheryl Haislet Executive | Chief Information Officer (CIO) | None | CIO since 2020; previously CIO at Adient plc and held senior IT roles at Johnson Controls. | |
Stephanie Gill Executive | Chief Legal Counsel and Corporate Secretary | None | Joined Vertiv in 2021; previously VP and General Counsel at CNX Resources; extensive legal and compliance experience. | |
David M. Cote Board | Executive Chairman of the Board | None | Former Chairman and CEO of Honeywell; joined Vertiv as Executive Chairman in 2020 to oversee strategic growth and innovation. | |
Edward L. Monser Board | Director | Lead Director at Air Products & Chemicals; Vice Chairman of U.S.-India Strategic Partnership Forum | Former President and COO of Emerson; extensive experience in globalization and industrial operations. | |
Jacob Kotzubei Board | Director | Co-President of Platinum Equity; Director at Ryerson Holding Corporation | Extensive private equity and capital markets experience; previously served on boards of Key Energy Services and Verra Mobility. | |
Jakki L. Haussler Board | Director | Director at Barnes Group, Service Corporation International, and Morgan Stanley Funds | Co-founder and former CEO of Opus Capital Management; extensive experience in finance and governance. | |
Joseph J. DeAngelo Board | Director | Advisory Board Member at Combat Marine Outdoors | Former Chairman and CEO of HD Supply; extensive experience in industrial operations and governance. | |
Joseph van Dokkum Board | Director | Chairman of Imperative Science Ventures; Director at Ionic Materials and Ndustrial | Former President of UTC Power and Siemens Power Transmission; extensive experience in energy and industrial sectors. | |
Matthew Louie Board | Director | Managing Director at Platinum Equity | Joined Platinum Equity in 2008; extensive experience in private equity and operational oversight. | |
Roger Fradin Board | Director | Chairman of Victory Innovation; Director at L3Harris Technologies, Resideo Technologies, and Janus International Group | Former Vice Chairman of Honeywell; extensive experience in automation and control solutions. | |
Steven S. Reinemund Board | Director | Board Member at USNA Foundation | Former Chairman and CEO of PepsiCo; extensive leadership and governance experience. |
- "You mentioned that competition is expected but believe Vertiv's advantages are not easily replicated; with the rapid growth in liquid cooling and ODMs integrating their own solutions, how do you plan to maintain market share and defend against emerging competitors? "
- "Given your significant cash generation and free cash flow of $336 million in Q3 and $773 million year-to-date, can you provide specific details on the M&A opportunities you're considering and how they align with your capital allocation strategy? "
- "Your CapEx is expected to be around $80 million in Q4, higher than previous quarters; what are the key drivers behind this increase, and how confident are you that these investments won't be delayed into Q1? "
- "Despite achieving a 20.1% adjusted operating margin, you noted that gross margins were impacted by launch costs and unfavorable project mix; what steps are you taking to mitigate these factors and ensure sustained margin expansion? "
- "With customer lead times elongating due to their project schedules, is there a risk that your pricing power could diminish over time, and how are you addressing potential challenges to maintain profitability in such scenarios? "
Notable M&A activity and strategic investments in the past 3 years.
| Company | Year | Details |
|---|---|---|
CoolTera Ltd. | 2023 | Vertiv acquired all shares and key assets (including patents, trademarks, and intellectual property) of CoolTera Ltd., a UK-based provider of liquid cooling infrastructure for data centers, to strengthen its liquid cooling portfolio; the purchase price was stated to be not material to Vertiv and was expected to close in Q4 2023. |
E&I Engineering Ireland Ltd. and Powerbar Gulf LLC | 2021 | Vertiv completed a $1.8 billion acquisition (partially financed with cash and common stock, with additional earn-out contingent on EBITDA targets) to expand its power infrastructure portfolio with E&I’s expertise in switchgear and modular power solutions, significantly broadening its market and operational capabilities. |
Recent press releases and 8-K filings for VRT.
- Vertiv reaffirmed robust long-term growth in digital infrastructure, forecasting a 9%-12% CAGR overall and 15%-17% for its cloud and colocation segments, underscoring sustained market demand.
- Management highlighted strong supply chain resilience and minimal impact from tariffs, noting that customer contracts are structured to maintain tariff neutrality despite short-term market adjustments.
- The call emphasized an expanded product portfolio, including new chillers, modular solutions, and a significant ramp-up in liquid cooling capacity—achieving a 43x capacity increase by the end of 2024.
- Q1 robust performance: Net sales reached $2,036M (up 24% YoY), with organic net sales up 25% across the Americas, APAC, and EMEA, and adjusted diluted EPS of $0.64 (up 49% YoY) .
- Adjusted operating profit grew by 35% YoY to $337M with a 16.5% margin, demonstrating strong operational leverage .
- Adjusted free cash flow reached $265M, underlining improved cash generation and operational efficiency .
- Guidance update: Maintained full-year EPS guidance at $3.55 amid tariff challenges while raising full-year net sales guidance by $250M .
- Strong order growth (approx 13% YoY, 21% sequential, ~20% TTM) and robust demand in AI infrastructure bolstered the quarter’s performance .
- Actively mitigating tariff pressures through strategic supply chain and pricing actions .
- Achieved an efficient book-to-bill ratio near 1.4x, underscoring operational strength .
- Colosseum, one of the world's largest NVIDIA DGX AI supercomputers, is set for deployment in Italy in 2025, marking a significant expansion in sovereign AI infrastructure.
- Vertiv, NVIDIA, and iGenius have collaborated using advanced modular systems and digital twin technologies via NVIDIA Omniverse to streamline design-to-deploy cycles, which can reduce traditional data center build times by up to 50%.
- The initiative targets regulated industries such as finance, healthcare, and public administration by offering a scalable, energy-efficient, and secure platform that supports mission-critical AI workloads.
- Robust order pipeline: Executives highlighted a strong market with a 30% year-on-year growth in trailing 12-month orders and a book-to-bill ratio of 1.2, reflecting a healthy pipeline and large, lumpy orders for data center projects.
- Extended lead times and sizable projects: The discussion noted that orders for advanced data center facilities can involve 1.2 to 1.5-year lead times and average large-scale orders (around 200 megawatts), indicating a move toward mega-projects.
- Early-stage technology evolution: The leaders emphasized that we are at an early stage in the AI and data center build-out cycle, with evolving GPU performance and increasing rack density driving future value opportunities.
- Flexible capital deployment strategy: The call covered a conservative yet opportunistic approach to capital management, including a $3 billion share repurchase authorization, steady dividends, and aspirations for attaining investment-grade ratings.