What happened to Emerson Network Power?
Vertiv is the new name for Emerson Network Power, which was acquired by the private equity firm Platinum Equity Group in a $4 billion transaction. The deal closed Dec. 1, and last week’s Gartner Data Center Conference provided a first look at the new Vertiv.
What is a Liebert system?
What Is a Liebert Unit? A Liebert Thermal Management Unit, also known as a Liebert Computer Room Air Conditioning (CRAC) unit, is a highly efficient and scalable cooling system. It addresses the unique vulnerabilities of your company’s IT equipment that is always on and at a higher risk of overheating-related failure.
Who bought Emerson Network Power?
Platinum Equity
Platinum Equity acquired the business today from Emerson in a transaction valued in excess of $4 billion. Emerson also retained a minority interest in the company.
Why did Emerson sell network power?
“By selling Network Power to Platinum Equity, we have achieved a successful result for our shareholders as part of our plan to streamline Emerson to create a more focused company with significant opportunities for growth and profitability in our core served markets.
What is a CRAC unit HVAC?
A computer room air conditioning (CRAC) unit is a device that monitors and maintains the temperature, air distribution and humidity in a network room or data center. CRAC units are replacing air-conditioning units that were used in the past to cool data centers.
Does Emerson Electric own Vertiv?
Platinum Equity acquired the Emerson Network Power business from Emerson Electric in a transaction valued in excess of $4 billion, completed in December 2016. Emerson Network Power was rebranded as Vertiv….Vertiv.
| Type | Public company |
|---|---|
| Total assets | US$6.9 billion (2021) |
| Number of employees | 24,000 |
| Website | vertiv.com |