Vertiv invests $1 billion to acquire liquid-cooling firm PurgeRite
Vertiv Holdings announced a $1 billion cash deal to acquire PurgeRite, with an extra $250 million tied to 2026 milestones. The acquisition expands Vertiv presence in liquid cooling and thermal management for AI-driven, high-density data centers. PurgeRite is based in Houston and specialises in mechanical flushing systems.