Introducing Autonex: the leading international automotive marketplace group across Europe and Canada

MUNICH, Oct. 13, 2026 /PRNewswire/ -- The leading international automotive marketplace group launches today as one new unified entity, bringing together trusted brands including AutoScout24 and AutoTrader.ca across nine markets in Europe and Canada.

With annual revenues exceeding €800 million, Autonex and its subsidiaries ("the Group") bring together more than 40 million unique monthly users, over 45,000 dealer partners and more than two million vehicle listings at any given time. Across its portfolio, the Group holds leading market positions in most of the markets in which it operates, including Canada, Germany, Italy, Belgium, the Netherlands, Austria and the Nordics.

The launch of Autonex reflects the Group's increasing operational and technological integration around a shared platform featuring Autonex Intelligence. Autonex Intelligence is a suite of AI-powered products and capabilities built on trusted proprietary data, enabling new ways of interaction, automation and decision support for dealers and consumers alike. The shared platform provides a single focus for the Group's continued development.

The Group will continue to go to market through its established consumer- and dealer-facing brands, including AutoScout24 in Europe, AutoTrader.ca and AutoHebdo.net in Canada, LeasingMarkt.de in Germany, and AutoProff in European B2B wholesale.

"Autonex will redefine automotive marketplaces," said CEO Peter Brooks-Johnson. "We have built a business with the scale, technology and ambition to transform how vehicles are bought, sold and leased across Europe and Canada. By bringing together trusted brands on a single AI-enabled platform, we can innovate faster, deliver better outcomes for dealers and create a better experience for consumers."

Autonex is built on a unique combination of three key pillars which provide the foundation for the Group's long-term growth and value creation:

- Leading automotive marketplaces that connect buyers and sellers at scale across Europe and Canada.

- A shared, scalable platform that allows products, commercial capabilities and best practices to be rolled out efficiently across markets.

- An extensive suite of dealer solutions, including cross-border B2B trading through AutoProff.

A shared platform designed to scale

At the heart of Autonex is a single platform shared across all markets. Built on trusted proprietary marketplace data from millions of consumer interactions, dealer relationships and vehicle listings, it allows the Group to scale products, commercial capabilities and innovation quickly across countries while preserving strong local market expertise.

Autonex Intelligence: Turning AI into better outcomes for dealers and consumers

Autonex brings together its Group-wide AI capabilities under Autonex Intelligence, combining AI with trusted proprietary marketplace data and deep integration into the automotive journey to create tangible value for dealers and consumers. By improving product performance and broadening Autonex's offering across its marketplaces, these capabilities create additional commercial and growth opportunities. They are brought to market through AutoScout24 Intelligence in Europe and AutoTrader Intelligence in Canada.

AI supports both sides of the marketplace, helping consumers make better purchase decisions and dealers run their business more effectively. Two of the latest and upcoming Autonex Intelligence innovations include:

- Conversational search: As consumers increasingly turn to AI to research products and inform purchase decisions, conversational search brings this behaviour directly into the automotive marketplace. It evolves vehicle search into a personal car-buying assistant that helps buyers navigate their options and find the right car for their individual needs and budget. For dealers, this means better-informed buyers and more relevant, higher-intent enquiries.

- A dealer agent acts as an AI-powered business partner for dealers, helping them get more value from their inventory. It turns marketplace and performance data into actionable recommendations, highlighting where dealers can improve pricing, visibility or listing quality and helping them focus on the actions that matter most.

Supporting cross-border trade

Cross-border trade is an important and growing part of the Group's dealer proposition. There are significant dealer-to-dealer trading flows between European markets resulting from differences in supply, demand, pricing and vehicle mix. Much of this trade has historically taken place on an informal basis between dealers, resulting in fragmented and often inefficient processes.

Through AutoProff and the Group's wider marketplace capabilities, Autonex aims to make these transactions more efficient and accessible by supporting dealers with sourcing, auctions, pricing, inspection, escrow, transport and tax-related services.

For more information, please visit www.autonex.com

SOURCE Autonex

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CCTV+: Forum on Swift Response to Public Complaints opens in Chinese capital

BEIJING, Oct. 13, 2026 /PRNewswire/ -- The 2026 Beijing Forum on Swift Response to Public Complaints opened on Monday, with the release of a number of research findings, reports on city hotline services, and global case studies on urban governance.

Beijing's 12345 hotline is the city's unified government service platform, allowing residents to report problems, lodge complaints, and seek information on public services ranging from utilities and transportation to healthcare and housing.

Since 2019, the hotline has evolved from a traditional call center into a smart governance hub powered by big data and AI. Data generated by the hotline helps identify recurring issues and informs policy decisions, turning everyday public concerns into input for improving urban services. The hotline has so far handled around 200 million requests from individuals and businesses.

Digital technology, particularly artificial intelligence, is a key focus for the two-day event.

For many participants, the forum is an opportunity to learn from Beijing's experience in urban governance and explore ideas that could be applied in their own cities.

The discussions will continue on Tuesday, with more parallel sessions and field trips to local communities. Participants will have the opportunity to see how public services and urban governance work on the ground.

SOURCE CCTV+

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GAC Connects with Europe Through Engineering and Football at 2026 Paris Motor Show

PARIS, Oct. 12, 2026 /PRNewswire/ -- Engineering for a better life. On October 12, the 91st Paris Motor Show opened at Paris Expo Porte de Versailles. GAC showcased new energy vehicles across its three brands, with the AION UT Cross making its global debut. GAC. THE ENGINEERS, its brand proposition for Europe, was officially launched, while GAC CARE+ made its European debut, marking a new stage of full-chain localization in Europe.

As the birthplace of the modern automotive industry, Europe is both a key market for GAC and a strategic hub for its global expansion. GAC remains committed to long-term growth, applying an engineer's mindset to products and technology while deepening local services and ecosystems to become a trusted brand for European users.

In Europe, GAC aims to bring more than high-quality products and services—it also seeks to become part of consumers' everyday lives. As one of Europe's most influential sports, football offers a powerful connection between brands and users.

At the 2026 Paris Motor Show, GAC and Chelsea Football Club held a global partnership signing ceremony at the GAC booth. Following the signing of a strategic cooperation agreement, GAC officially became the Official Automotive Partner of Chelsea FC. Chelsea legend Claude Makélélé joined the event, interacting with GAC owners, showing off his football skills and signing an autograph for a robotic "young fan".

GAC and Chelsea first joined forces during the club's 2026 pre-season tour, laying the foundation for deeper cooperation. Chelsea is the second European football club to enter into a strategic partnership with GAC, following Villarreal CF.

Looking ahead, GAC will use football as a bridge to work with Chelsea and Villarreal CF, engaging fans and creating locally relevant brand experiences that bring GAC closer to European users.

For further information about GAC, please visit https://www.gacgroup.com/en or follow us on social media.

SOURCE GAC

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Integrated marketing and public relations agency, Marketing Maven, earns national recognition in O'Dwyer's annual specialty rankings

LOS ANGELES, Oct. 12, 2026/PRNewswire/ -- Marketing Maven, an integrated marketing and public relations agency, has been ranked No. 22 among the nation's top professional services public relations firms in O'Dwyer's rankings.

O'Dwyer's has compiled its annual PR firm rankings since 1968, recognizing firms across a range of industries, specialties and markets. Its Professional Services category includes public relations work for organizations such as law firms, accounting firms, financial advisors, architects and consultants.

"We're proud to be recognized among the top 25 professional services PR firms in the country," said Lindsey Carnett, CEO and President of Marketing Maven. "This recognition reflects the dedication of our team and the work we do to help our clients reach their goals."

Marketing Maven's professional services PR practice is led by Frank Tortorici, VP of Media Relations. Tortorici has been at the forefront of the public relations and media relations fields since 1984.

An expert in business–to–business and financial public relations, Tortorici also has experience in many sectors, including tech, crisis communications, and pharmaceutical media relations. He has worked in public relations agencies, including Edelman, and in–house at not–for–profit institutions. Tortorici served as public relations director for the global business networking organization The Conference Board for nearly 20 years.

Tortorici has hundreds of solid media contacts and has conducted national and international campaigns for clients in the business/financial, consumer, and healthcare spheres. He has also developed and supervised social media campaigns for many of his clients. Clients serviced by Tortorici include Peppers & Rogers Group (management consultancy); TeleTech (international call center and customer solutions firm); The Conference Board (global business research and membership organization best known for the Consumer Confidence Index); Clark University; Bryant University; TABS Analytics; Econsultancy (global digital marketing industry organization); DeVito Verdi (advertising); the Advertising Research Foundation; Warner Chilcott Pharmaceuticals; Praeger Publishing; Ernst & Young; Ayer Advertising; Love Cinema web portal; John Hancock Financial Services; the law firm Schulte Roth & Zabel; RE/MAX real estate; Bond Investors Guaranty Insurance Company, and many more.

In addition, Tortorici was a contributing editor for many years of the music website, Sonicnet.com, which was acquired by MTV Networks. He graduated cum laude from New York University and is a member of Phi Beta Kappa.

O'Dwyer's rankings are supported by documentation submitted by participating firms and provide industry-specific comparisons across numerous public relations specialties. Marketing Maven's No. 22 placement recognizes the agency among firms providing public relations services within the professional services sector.

The ranking adds to Marketing Maven's recognition across multiple O'Dwyer's specialty categories and reflects the agency's work across a variety of industries.

About Marketing Maven:

With offices in Los Angeles and New York, Marketing Maven is a full-service marketing and communications agency. With origins in direct response public relations, Marketing Maven has developed into a premier voice in brand strategy, social media, innovative media relations, market research, Hispanic marketing, digital advertising and search engine optimization (SEO/GEO). Marketing Maven leads the industry in utilizing advanced metrics to measure their clients' marketing reach and providing competitive analysis unparalleled in the industry. For additional information about Marketing Maven, visit http://www.MarketingMaven.com.

Press Contact:

Name: Frank Tortorici

Email: [email protected]

SOURCE Marketing Maven Public Relations, Inc.

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Luoyang charts a new path for safeguarding archaeological heritage

JINZHONG, China, Oct. 12, 2026 /PRNewswire/ -- A news report from China Daily:

The seventh International Ancient Capitals Forum and 2026 Global Mayors Dialogue took place in Luoyang, Henan province, from Friday to Sunday.

The events showcased Luoyang's character, industrial strength and cultural charm, with important releases on topics including the protection of archaeological sites and the creative use of cultural heritage.

Home to abundant historical relics and a growing urban population, the city has in recent years sought to protect and revitalize heritage sites while balancing preservation and utilization.

Through long-term efforts, Luoyang has transformed protected cultural relics into archaeological parks. It has adopted measures including building new urban areas away from the old town and explored tailored plans for individual sites, making progress in bringing its heritage to life.

First carved after Emperor Xiaowen of the Northern Wei Dynasty (386-534) moved the imperial capital to Luoyang, Longmen Grottoes are a world-famous UNESCO World Heritage Site and a treasure trove of stone-carving art.

To better protect and pass on this gem of Chinese culture, the Longmen Grottoes Research Institute conducts conservation and restoration work, technical research, heritage monitoring and digital preservation.

Projects tackling hazards such as water seepage, unstable rock masses and weathering are steadily advancing, gradually forming an overarching conservation framework for the grottoes.

The Sui-Tang Luoyang City site is another typical example. It served successively as the capital or secondary capital of the Sui (581-618), Tang (618-907), Five Dynasties and Ten Kingdoms (907-960) period and Northern Song Dynasty (960-1127) for more than 530 years, representing the pinnacle of ancient Chinese urban planning and architectural craftsmanship.

Around 2005, low-rise dwellings, enterprises and factories dotted the site. Residents hoped for better living conditions, enterprises sought to expand production, while the site required standardized protection and revitalization.

To balance heritage protection with improvements to residents' lives, a total of 973 households, nearly 3,300 villagers and 63 enterprises were relocated from the site between 2007 and 2024. Within its palace core zone, 62 hectares of land were freed up for heritage display.

The city also integrated urban green spaces, ecological zones and water-source reserves in planning and building a nearly 200-hectare botanical garden.

SOURCE China Daily

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COLUMBUS, Ohio [May 5, 2026] — Vertiv (NYSE: VRT), a global leader in critical digital infrastructure, today announced Frieda He has joined the company as Chief Procurement Officer (CPO). She will lead Vertiv’s global procurement organization, with a focus on further strengthening supply chain resilience, enabling growth, optimizing cost and value, and driving supplier quality across the company’s portfolio, including end‑to‑end power and thermal management solutions for data centers, communications networks, and commercial & industrial applications.

Frieda brings nearly two decades of global procurement and supply chain leadership experience across the automotive and electrification businesses. In her most recent role, from December 2023 to March 2026, Frieda served as Chief Procurement Officer and a member of the Group Management Team at Polestar. She oversaw more than $3 billion in annual global spend across direct and indirect materials, supplier quality, R&D industrial programs, cost management, and global real estate, while leading cross-functional global teams and driving cost savings, governance, and enterprise transformation during periods of industry disruption.

“Frieda He is a proven global leader with deep experience building and scaling resilient, sustainable supply chains,” said Gio Albertazzi, chief executive officer, Vertiv. “Her expertise in complex, multinational procurement environments and her track record of driving operational discipline and value creation will be critical as Vertiv continues to scale to meet accelerating demand from AI‑driven and high‑density digital infrastructure.”

Prior to Polestar, Frieda held a series of senior leadership roles at Volvo Cars, including vice president, head of global propulsion & sustainability procurement, where she led a more than $9 billion annual spend organization and played a key role in the company’s electrification transformation. Her experience includes managing supply chains through global disruptions, strengthening supplier quality and capability, advancing sustainability and regulatory compliance, and supporting major structural transactions and joint ventures. Earlier in her career, she held procurement and supply chain roles in China and across the Asia‑Pacific region, building deep expertise in global sourcing, cost engineering, and supplier development.

“I’m excited to join Vertiv at such a transformative moment for the digital infrastructure industry,” said Frieda He. “Vertiv’s role at the center of the global data center and critical infrastructure ecosystem presents a unique opportunity to create value through strong partnerships, operational excellence, and responsible, resilient supply chains.”

Frieda holds bachelor’s degrees in general studies and business/commerce from Northeast Normal University in China, and an Executive MBA from the University of Oxford in England.

About Vertiv

Vertiv (NYSE: VRT) brings together hardware, software, analytics and ongoing services to enable its customers’ vital applications to run continuously, perform optimally and grow with their business needs. Vertiv solves the most important challenges facing today’s 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 Vertiv.com.

Forward-looking statements

This 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’s 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.

CONTACT

Ruder Finn

E Vertiv@RuderFinn.com

Acquisition enhances engineering expertise for cold-plate design, server side liquid cooling and high-density thermal validation to improve system level performance, reliability, and lifecycle outcomes

COLUMBUS, Ohio [April 27, 2026] — Vertiv (NYSE: VRT), a global leader in critical digital infrastructure and continuity solutions, today announced it has acquired Strategic Thermal Labs LLC (STL), a specialist in advanced liquid-cooling technologies. The acquisition extends Vertiv’s thermal-chain strategy by strengthening engineering capability at the interface between server-side liquid cooling and supporting infrastructure—an increasingly critical factor in high-density, liquid-cooled environments supporting AI and high-performance computing workloads.

As compute requirements continue to intensify, the interaction between server-side liquid cooling and supporting infrastructure increasingly influences broader system performance, including flow, balance, controls behavior, serviceability, and lifecycle reliability. Strategic Thermal Labs adds proven cold-plate design, server-side liquid cooling, and high-density thermal validation expertise that is expected to strengthen Vertiv’s ability to simulate and emulate real high-density compute conditions, optimize the interaction between the thermal chain and power train, and support customers across design, integration, commissioning, and lifecycle operations.

“As AI and high‑performance computing push power densities to unprecedented levels, understanding and solving heat challenges at the chip level becomes critical to system design, performance and reliability,” said Scott Armul, chief product and technology officer at Vertiv. “STL brings deep expertise and proven capability in addressing some of the industry’s most demanding chip-level density and thermal problems, strengthening Vertiv’s ability to emulate and validate system-level solutions and enabling customers to improve performance and lifecycle outcomes in liquid-cooled environments.”

Vertiv emphasized that the acquisition does not change its commitment to an open ecosystem approach. The company will continue to support interoperable, server‑ and silicon‑agnostic infrastructure solutions, with the goal of improving system‑level performance and customer outcomes across diverse compute environments.

The addition of Strategic Thermal Labs supports Vertiv’s broader strategy of helping customers address increasing infrastructure complexity through integrated power, thermal, controls, and lifecycle services capabilities.

For more information about Vertiv’s end‑to‑end portfolio of power and thermal management systems, infrastructures solutions, and lifecycle services, visit Vertiv.com.

About Vertiv

Vertiv (NYSE: VRT) brings together hardware, software, analytics and ongoing services to enable its customers’ vital applications to run continuously, perform optimally and grow with their business needs. Vertiv solves the most important challenges facing today’s 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 Vertiv.com.

Category: Financial News

Forward-looking statements

This 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’s 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. Those risk factors and risks related to the transaction, among others, could cause actual results to differ materially from historical performance and include, but are not limited to: expected expenses related to the transaction; the possible diversion of management time on issues related to integration; the ability of Vertiv to maintain relationships with customers and suppliers of Strategic Thermal Labs; and the ability of Vertiv to retain management and key employees of Strategic Thermal Labs. 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.

For investor inquiries, please contact:

Lynne Maxeiner

Vice President, Global Treasury & Investor Relations

Vertiv

E lynne.maxeiner@vertiv.com

For media inquiries, please contact:

Ruder Finn for Vertiv

E Vertiv@RuderFinn.com

SOURCE: Vertiv Holdings Co

Model-based digital twin capability of Vertiv™ SmartRun helps accelerate AI factory design, simulation and deployment workflows

COLUMBUS, Ohio [June 1, 2026] – Vertiv (NYSE: VRT), a global leader in critical digital infrastructure, today announced progress on a production-grade digital twin capability for Vertiv™ SmartRun integrated in the NVIDIA Omniverse DSX Blueprint, advancing the company’s roadmap to make AI factory infrastructure more configurable, repeatable, and simulation-ready.

As AI deployments scale to higher densities and larger capacities, data centers need a faster, more reliable way to turn each generation of computing into real-world infrastructure. Traditional, document-based processes and siloed handoffs across power, cooling, controls, and deployment teams can’t keep pace. Vertiv SmartRun digital twin shifts planning to a model-based approach, allowing infrastructure to be designed, simulated, and validated as a single system before build-out. By capturing system configurations and dependencies in a virtual environment, it helps reduce late-stage design changes and integration risk, improve confidence through simulation, and accelerate time from planning to operational readiness—while improving coordination across teams.

“AI infrastructure can no longer be planned one compute generation at a time,” said Scott Armul, chief product and technology officer at Vertiv. “To deliver more tokens per second per megawatt, customers need power, cooling, controls, and deployment workflows to be designed as one interdependent system. The Vertiv SmartRun digital twin helps encode Vertiv’s infrastructure expertise into configurable, simulation-ready building blocks that support faster, more confident AI factory planning. As we extend this approach to Vertiv™ OneCore Rubin DSX, Vertiv is helping customers translate future compute requirements into deployable physical infrastructure before those requirements reach full deployment scale.”

The Vertiv SmartRun digital twin is the first phase in Vertiv’s multi-phase AI factory digital twin roadmap. Digital twins are designed to help close the gap between accelerated compute innovation and physical infrastructure readiness, preserving engineering intent from early configuration and simulation through deployment, commissioning, lifecycle assurance, and future optimization.

“AI factories require full-stack co-design across compute and physical infrastructure,” said Vladimir Troy, vice president of AI Infrastructure at NVIDIA. “NVIDIA Omniverse DSX Blueprint helps the ecosystem build, simulate, and optimize gigawatt-scale AI factory digital twins using OpenUSD, SimReady assets, and power, thermal, and operational simulations. Bringing Vertiv SmartRun into this workflow can help customers evaluate infrastructure choices earlier and prepare for multiple generations of accelerated computing.”

At Computex Taipei 2026, Vertiv will demonstrate Vertiv™ SmartRun as both a physical infrastructure system and a configurable digital twin, allowing attendees to explore configuration scenarios and see how model-based design choices can support downstream infrastructure planning, coordination, and simulation workflows. Created using Dassault Systèmes model-based systems engineering capabilities on the 3DEXPERIENCE platform and connected to NVIDIA Omniverse DSX workflows, the demonstrator establishes a shared digital foundation for configuration, simulation, validation, and future optimization across the AI factory infrastructure lifecycle.

“Digital twins allow complex infrastructure systems to be represented with the intelligence of their configuration rules, dependencies, and engineering intent,” said Stéphane Sireau, vice president of high tech industry at Dassault Systèmes. “At Computex, Vertiv, Dassault and NVIDIA demonstrate how Vertiv’s AI factory infrastructure is moving from document-based design workflows toward an industrialized, model-based systems engineering approach optimized for speed, quality, and system-level performance.”

See the video “Simulation-ready converged physical infrastructure for AI at scale” to learn more about leveraging digital twin for Vertiv’s solutions for AI infrastructure, or visit Vertiv.com.

About Vertiv

Vertiv (NYSE: VRT) brings together hardware, software, analytics and ongoing services to enable its customers’ vital applications to run continuously, perform optimally and grow with their business needs. Vertiv solves the most important challenges facing today’s 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, or visit Vertiv.com.

Forward-looking statements

This 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’s 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.

CONTACT

Ruder Finn

E Vertiv@RuderFinn.com

Acquisition expected to strengthen thermal management capabilities and manufacturing capacity in Europe, Middle East and Africa to support high-density computing

COLUMBUS, Ohio [June 12, 2026] - Vertiv (NYSE: VRT), a global leader in critical digital infrastructure, today announced the completed acquisition of ThermoKey S.p.A., a leading provider of heat rejection and heat-exchange technologies with long-standing relationships across original equipment manufacturers (OEMs) and system integrators.

The acquisition expands Vertiv's thermal management portfolio and manufacturing capabilities, particularly in Europe, Middle East, and Africa (EMEA), and strengthens its ability to deliver system-level solutions across the full thermal chain for AI factories and high-density data centers. ThermoKey benefits from Vertiv’s global scale, supporting accelerated growth and expanded market access while enhancing Vertiv's ability to provide thermal architectures that help customers plan for multiple compute generations ahead.

Vertiv currently uses ThermoKey’s technologies in select thermal solutions. ThermoKey’s technology set includes heat-exchange solutions, dry coolers, and compatibility with low-GWP and natural refrigerants that complement Vertiv's portfolio, giving customers flexibility to optimize for performance, site conditions, and growth. Founded in 1991, ThermoKey brings more than 30 years of engineering expertise, in-house design and production capabilities to support its customers and markets.

"Customers are scaling AI infrastructure at an unprecedented pace, and thermal performance is now a critical enabler of capacity and efficiency," said Giordano Albertazzi, CEO at Vertiv. "With ThermoKey, we are strengthening our capabilities to deliver differentiated, integrated, high-performance heat rejection solutions that help customers deploy faster, operate more efficiently, and scale with confidence."

The ThermoKey Rivarotta, Italy, operations will continue to be a key hub for manufacturing, engineering, and support. Giuseppe Visentini, CEO of ThermoKey, will continue to lead the business, providing continuity for employees, partners, and customers. "Joining Vertiv means bringing our heat-exchange expertise into a complete, integrated thermal chain that serves high-density data centers," said Visentini. "We share Vertiv's engineering rigor and customer focus. ThermoKey joins Vertiv on a path of sustained growth, and from Italy we will continue to build on that momentum and contribute to the strength of the group across EMEA and around the world."

For more information on Vertiv’s leading portfolio of power and thermal management, infrastructure solutions, IT systems, and services for critical digital applications, visit Vertiv.com.

About Vertiv

Vertiv (NYSE: VRT) brings together hardware, software, analytics and ongoing services to enable its customers’ vital applications to run continuously, perform optimally and grow with their business needs. Vertiv solves the most important challenges facing today’s 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 Vertiv.com.

Category: Financial News

Forward-looking statements

This 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’s 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. Those risk factors and risks related to the transaction, among others, could cause actual results to differ materially from historical performance and include, but are not limited to: expected expenses related to the transaction; the possible diversion of management time on issues related to integration; the ability of Vertiv to maintain relationships with customers and suppliers of ThermoKey; and the ability of Vertiv to retain management and key employees of ThermoKey. 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.

SOURCE Vertiv Holdings Co

For investor inquiries, please contact:

Lynne Maxeiner

Vice President, Global Treasury & Investor Relations

Vertiv

E lynne.maxeiner@vertiv.com

For media inquiries, please contact:

Ruder Finn for Vertiv

E Vertiv@RuderFinn.com

New facility strengthens regional manufacturing, supply chain resilience, and deployment capabilities for power, cooling, and integrated infrastructure solutions.

COLUMBUS, Ohio [July 1, 2026] — Vertiv (NYSE: VRT), a global leader in critical digital infrastructure, today announced the opening of its manufacturing facility in Johor, Malaysia, expanding the company’s manufacturing footprint to support growing demand for AI and high-density computing infrastructure across Asia, including Southeast Asia, North Asia, Australia, and New Zealand.

Strategically located in one of Southeast Asia’s fastest-growing industrial markets, the facility strengthens Vertiv’s ability to support customers with regional manufacturing, engineering, logistics, and deployment capabilities. The site benefits from strong regional connectivity and proximity to key technology and customer hubs across the region.

“Asia continues to be one of the fastest-growing regions for AI and digital infrastructure investment, and expanding our manufacturing footprint in Malaysia aims to further enhance our ability to support customers with quality, speed, scale, and resilience,” said Giordano (Gio) Albertazzi, CEO of Vertiv. “This facility represents another important step in our continuous capacity planning and deployment strategy as we further expand our regional and global manufacturing capabilities.”

Albertazzi added: “As compute requirements evolve across multiple generations of AI infrastructure, customers need partners to provide power, cooling, and infrastructure solutions at scale. The Johor facility enhances our ability to help customers deploy critical digital infrastructure more efficiently while supporting long-term growth across Asia.”

Manufacturing and test facilities

The Johor facility supports end-to-end manufacturing, assembly, and full-scale witness testing for advanced thermal and power infrastructure, enabling Vertiv to deliver high-density solutions with validated performance to help reduce deployment risk and accelerate time to capacity for customers across enterprise, cloud, and colocation environments.

- The facility is expected to bring hundreds of skilled jobs to the region, when fully operationalized in 2027.

- Manufacturing capabilities for large-scale thermal management, power, and infrastructure solutions for AI and traditional applications: Vertiv™ CoolChip coolant distribution units (CDUs) support liquid cooling applications, including direct-to-chip and rear door heat exchangers for high density racks; Vertiv™ Power Module and Vertiv™ Power Skid are prefabricated power solutions with integrated modular infrastructure that can speed deployment of power systems by up to 50% over traditional builds; and Vertiv™ SmartRun integrated prefabricated overhead infrastructure system, is white space fit-out delivered as a unified system, with high-density busway, liquid cooling piping networking, and containment, providing on-site deployment time up to 85% faster than traditional methods.

- A dedicated testing environment designed to validate liquid cooling and integrated power solutions under customer site conditions before deployment, including CDU testing for the full range of capacities; and simultaneous testing of multiple power modules and skids.

For more information about Vertiv’s leading portfolio of power and thermal management, infrastructure solutions, IT systems and services for critical digital applications, visit Vertiv.com.

About Vertiv

Vertiv (NYSE: VRT) brings together hardware, software, analytics and ongoing services to enable its customers’ vital applications to run continuously, perform optimally and grow with their business needs. Vertiv solves the most important challenges facing today’s 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 Vertiv.com.

Forward-looking statements

This 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’s 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.

CONTACT

Ruder Finn

E Vertiv@RuderFinn.com