{"id":796429,"date":"2024-12-20T06:33:12","date_gmt":"2024-12-20T11:33:12","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/vertiv-acquires-centrifugal-chiller-technology-to-broaden-its-global-solutions-portfolio-in-support-of-high-performance-compute-and-ai\/"},"modified":"2024-12-20T06:33:12","modified_gmt":"2024-12-20T11:33:12","slug":"vertiv-acquires-centrifugal-chiller-technology-to-broaden-its-global-solutions-portfolio-in-support-of-high-performance-compute-and-ai","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/vertiv-acquires-centrifugal-chiller-technology-to-broaden-its-global-solutions-portfolio-in-support-of-high-performance-compute-and-ai\/","title":{"rendered":"Vertiv Acquires Centrifugal Chiller Technology to Broaden its Global Solutions Portfolio in Support of High-Performance Compute and AI"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Vertiv Acquires Centrifugal Chiller Technology to Broaden its Global Solutions Portfolio in Support of High-Performance Compute and AI<\/b><\/p>\n<p class=\"bwalignc\"><i>China-based company BSE specializes in both water-cooled and air-cooled systems with up to 5.5 MW of cooling capacity, as well as heat recovery and reuse solutions<\/i><\/p>\n<p>COLUMBUS, Ohio&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nVertiv (NYSE: VRT), a global provider of critical digital infrastructure and continuity solutions, today announced the acquisition by its Chinese subsidiary of certain assets and technologies of BiXin Energy Technology (Suzhou) Co., Ltd (BSE), a manufacturer of chillers, heat pumps, heat-recovery solutions and air-handling units. Focused on expanding the Vertiv chiller family, the acquisition strengthens Vertiv\u2019s portfolio of critical technologies and solutions in support of high-performance compute and AI applications globally. Founded in 2010, BSE brings to Vertiv an established and field-proven presence in the China market and other Asian regions, along with industry patents, advanced technology solutions and strong research and development capabilities that will reinforce Vertiv\u2019s global offering.<\/p>\n<p id=\"news-body-cta\">This press release features multimedia. View the full release here: <a href=\"https:\/\/www.businesswire.com\/news\/home\/20241219522857\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20241219522857\/en\/<\/a><\/p>\n<div id=\"bwbodyimg\" style=\"width: 480px;float:left;padding-left:0px;padding-right:20px;padding-top:0px;padding-bottom:0px\"><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20241219522857\/en\/2337396\/4\/Vertiv_air_cooled_chiller_1.jpg\" alt=\"Vertiv\u2122 air-cooled chiller unit (Photo: Business Wire)\" \/><\/p>\n<p style=\"font-size:85%\">Vertiv\u2122 air-cooled chiller unit (Photo: Business Wire)<\/p>\n<\/div>\n<p>\nBSE\u2019s core product offerings include oil-free, magnetic-bearing centrifugal water-cooled and air-cooled chillers incorporating pumped-refrigerant-economization technology, with cooling capacities of up to 5.5 MW. BSE is a leader in the Asia region on centrifugal technology, which is designed to provide high efficiency, low maintenance, quiet operation and high reliability.<\/p>\n<p>\n\u201cThis acquisition supports our capital allocation strategy, which includes adding technologies that are early in the maturity curve to our portfolio,\u201d said Giordano Albertazzi, Chief Executive Officer, Vertiv. \u201cBSE\u2019s solutions and technologies complement and reinforce Vertiv\u2019s existing chiller portfolio and will assist us in addressing growing air and liquid cooling demand to support high-performance compute and AI. Vertiv has the most complete critical digital infrastructure portfolio and BSE further strengthens our technology offerings that we can provide to customers globally.\u201d<\/p>\n<p>\nSince early 2024, Vertiv has partnered with BSE to manufacture Vertiv-branded products for existing customers in China and throughout Asia. BSE is an Air Conditioning, Heating, Refrigeration Institute (AHRI) certified test facility, a China Refrigeration and Air-Conditioning Industry Association (CRAA) member and a China High and New-Technology Enterprise. Its products carry the AHRI-certified and CRAA-certified product labels. The combination of engineering, test and technology expertise in centrifugal chillers is complementary to Vertiv\u2019s global chiller product portfolio.<\/p>\n<p>\n\u201cWe\u2019ve enjoyed an outstanding partnership with Vertiv and look forward to becoming a part of the company,\u201d said York Zha, BSE\u2019s CEO. \u201cWe\u2019re excited to combine our portfolio with Vertiv\u2019s to deliver a highly efficient and reliable offering of chiller and heat-recovery and reuse solutions for data center customers globally.\u201d<\/p>\n<p><b>About Vertiv<\/b><\/p>\n<p>\nVertiv (NYSE: VRT) brings together hardware, software, analytics and ongoing services to enable its customers\u2019 vital applications to run continuously, perform optimally and grow with their business needs. Vertiv solves the most important challenges facing today\u2019s data centers, communication networks and commercial and industrial facilities with a portfolio of power, cooling and IT infrastructure solutions and services that extends from the cloud to the edge of the network. Headquartered in Westerville, Ohio, USA, Vertiv does business in more than 130 countries. For more information, and for the latest news and content from Vertiv, visit <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.vertiv.com&amp;esheet=54169819&amp;newsitemid=20241219522857&amp;lan=en-US&amp;anchor=Vertiv.com&amp;index=1&amp;md5=3c94c37ad8d7fe47ce6a363cdd47b029\">Vertiv.com<\/a>.<\/p>\n<p><b>Forward-Looking Statements<\/b><\/p>\n<p>\nThis release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27 of the Securities Act, and Section 21E of the Securities Exchange Act. These statements are only a prediction. Actual events or results may differ materially from those in the forward-looking statements set forth herein. Readers are referred to Vertiv\u2019s filings with the Securities and Exchange Commission, including its most recent Annual Report on Form 10-K and any subsequent Quarterly Reports on Form 10-Q for a discussion of these and other important risk factors concerning Vertiv and its operations. Vertiv is under no obligation to, and expressly disclaims any obligation to, update or alter its forward-looking statements, whether as a result of new information, future events or otherwise.<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20241219522857r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20241219522857\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20241219522857\/en\/<\/a><\/span><\/p>\n<p><b>Sara Steindorf \u2013 Fleishman Hillard<br \/>\n<\/b><br \/><b><a rel=\"nofollow\" href=\"mailto:Sara.Steindorf@fleishman.com\">Sara.Steindorf@fleishman.com<\/a><\/b><\/p>\n<p><b>KEYWORDS:<\/b> Ohio China United States North America Asia Pacific<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Software Data Analytics Hardware Artificial Intelligence Data Management Professional Services Technology Apps\/Applications<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20241219522857\/en\/2038439\/3\/VRT-Vertiv-Logo-1080x1080px.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Photo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20241219522857\/en\/2337396\/3\/Vertiv_air_cooled_chiller_1.jpg\" alt=\"Photo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\">Vertiv\u2122 air-cooled chiller unit (Photo: Business Wire)<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Vertiv Acquires Centrifugal Chiller Technology to Broaden its Global Solutions Portfolio in Support of High-Performance Compute and AI China-based company BSE specializes in both water-cooled and air-cooled systems with up to 5.5 MW of cooling capacity, as well as heat recovery and reuse solutions COLUMBUS, Ohio&#8211;(BUSINESS WIRE)&#8211; Vertiv (NYSE: VRT), a global provider of critical digital infrastructure and continuity solutions, today announced the acquisition by its Chinese subsidiary of certain assets and technologies of BiXin Energy Technology (Suzhou) Co., Ltd (BSE), a manufacturer of chillers, heat pumps, heat-recovery solutions and air-handling units. Focused on expanding the Vertiv chiller family, the acquisition strengthens Vertiv\u2019s portfolio of critical technologies and solutions in support of high-performance compute and AI applications globally. Founded in &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/vertiv-acquires-centrifugal-chiller-technology-to-broaden-its-global-solutions-portfolio-in-support-of-high-performance-compute-and-ai\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Vertiv Acquires Centrifugal Chiller Technology to Broaden its Global Solutions Portfolio in Support of High-Performance Compute and AI&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-796429","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Vertiv Acquires Centrifugal Chiller Technology to Broaden its Global Solutions Portfolio in Support of High-Performance Compute and AI - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/vertiv-acquires-centrifugal-chiller-technology-to-broaden-its-global-solutions-portfolio-in-support-of-high-performance-compute-and-ai\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Vertiv Acquires Centrifugal Chiller Technology to Broaden its Global Solutions Portfolio in Support of High-Performance Compute and AI - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Vertiv Acquires Centrifugal Chiller Technology to Broaden its Global Solutions Portfolio in Support of High-Performance Compute and AI China-based company BSE specializes in both water-cooled and air-cooled systems with up to 5.5 MW of cooling capacity, as well as heat recovery and reuse solutions COLUMBUS, Ohio&#8211;(BUSINESS WIRE)&#8211; Vertiv (NYSE: VRT), a global provider of critical digital infrastructure and continuity solutions, today announced the acquisition by its Chinese subsidiary of certain assets and technologies of BiXin Energy Technology (Suzhou) Co., Ltd (BSE), a manufacturer of chillers, heat pumps, heat-recovery solutions and air-handling units. Focused on expanding the Vertiv chiller family, the acquisition strengthens Vertiv\u2019s portfolio of critical technologies and solutions in support of high-performance compute and AI applications globally. 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Focused on expanding the Vertiv chiller family, the acquisition strengthens Vertiv\u2019s portfolio of critical technologies and solutions in support of high-performance compute and AI applications globally. 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