Vertiv, formerly known as Emerson Network Power, has completed its purchase of Geist – a privately owned manufacturer of Rack Power Distribution Units (PDUs) and associated data center power products. This is the second significant acquisition of 2018 for Vertiv, which announced the purchase of Energy Labs Jan. 16.
According to Vertiv, the acquisition of Geist would solidify their position as a market leader in Rack PDU products while Energy Labs did the same for Vertiv’s position in the . With the two acquisitions, Vertiv adds engineering, design and manufacturing capabilities. It would also diversify its portfolio to better meet the needs of cloud and colocation providers and edge applications while expanding its reach with commercial and industrial customers.
“We are pleased to complete this acquisition and continue to add options for our customers in the cloud, colocation and edge spaces,” said Rob Johnson, CEO of Vertiv. “The acquisitions of Geist and Energy Labs will allow us to offer more diverse, comprehensive solutions for our customers and will play an important role in our continued growth as a company.”