Emerson Network Power is now Vertiv™
In August 2016, Emerson announced an agreement to sell its Network Power business to Platinum Equity for $4 billon. The sale was completed earlier this month. In April, Emerson Network Power announced their new company name would be Vertiv™. The combination of two words “vertex” and “active” representing how the company will help its customers reach their peak, and the more nimble and more evolved company they’re becoming.
Earlier this month, Vertiv officially announced their newly appointed CEO, Rob Johnson, a veteran of APC (American Power Conversion) at the time it was purchased by Schneider Electric in 2007.
Vertiv designs, manufacturers and services mission critical technologies for data centers, communication networks and commercial and industrial facilities. With more than 20,000 employees, global offices and facilities around the world, the company is headquartered in Columbus, Ohio, USA.
Why this is important to your business:
Vertiv will focus their technology in the critical power industry by innovating and developing their applications in data centers, communication networks and commercial and industrial facilities.
Vertiv will continue to build on their current product portfolio: ASCO®; Chloride®; Liebert®; NetSure™; Trellis™
Emerson retained a subordinated interest in the newly branded company, Vertiv.
To read more:
Image Source: Matt Dean, General Counsel, Vertiv Co.
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