Vertiv Reports 24% Growth In The Second Quarter
Vertiv today reported net sales of $1,734 million in the second quarter of 2023, an increase of $335 million, or 24%, compared with last year’s second quarter and a 25% organic net sales increase.
Giordano Albertazzi assumes the new role of CEO of Vertiv
Vertiv announced that the Board of Directors has appointed Giordano Albertazzi as new CEO for the company and Albertazzi has assumed the new role from January 1, 2023.
Vertiv consolidate its leadership position in the data center market with the acquisition E&I Engineering
Vertiv is al set to acquire E&I Engineering Ireland Limited and its affiliate, Powerbar Gulf LLC (“E&I”) for approximately $1.8 billion. E&I’s products represent a critical system of the data center power infrastructure and compete in an addressable market of about $7 billion,