Vertiv, formerly Emerson Network Power, says it “designs, builds and services critical infrastructure that enables vital applications for data centers, communication networks and commercial and industrial facilities”.
Platinum Equity acquired the network power business from Emerson Electric in a transaction valued in excess of $4 billion, completed in December 2016. Emerson also retained a subordinated equity piece in the company.
Upon completion of the transaction, Rob Johnson was named chief executive officer of Vertiv. He was formerly an operating partner at Kleiner Perkins Caulfield & Byers and before that served in a leadership role for 10 years in the data center infrastructure industry.
Headquartered in Columbus, Ohio, Vertiv has more than 20,000 employees and more than 25 manufacturing and assembly facilities around the world. 2016 fiscal year sales were $4 billion The company has regional headquarters around the world in: Westminster, London, United Kingdom; Miami, Florida; Pasig, Manila, Philippines; Nanshan District, Shenzhen, China; and Mumbai, India.