Company supports Make in India efforts with third manufacturing facility in the country

MUMBAI, India, Jan. 11, 2024 -- Vertiv (NYSE: VRT), a global provider of critical digital infrastructure and continuity solutions, has today inaugurated a new manufacturing facility in Chakan, Pune, to meet the surging demand for data centers and supporting infrastructure solutions in India. Complementing Vertiv's existing manufacturing facilities in Ambernath and Pune, the new plant manufactures thermal management products and solutions tailored for data centers, telecom, commercial and industrial applications, catering to both domestic and international markets.

Spanning 210,000 square feet/19,510 square meters, the facility supports the manufacturing of cooling solutions ranging from 200W to 2MW+, including adiabatic free cooling chillers, large custom air handling units (AHU), thermal wall units, a new range of large direct expansion (DX), packaged DX and free cooling with economizer units, a new range of in-row cooling units, wall mount units, and rack cooling systems. The facility also boasts state-of-the-art psychometric labs to provide performance testing, a dedicated customer experience center, and design support capabilities. It is situated in an India Green Building Council (IGBC) compliant park that focuses on sustainability and reducing impact on the environment.

On the topic of the new facility, Vertiv CEO Giordano (Gio) Albertazzi, said, "With increasing global digitalization and the rapid adoption of Artificial Intelligence (AI), the data center industry is experiencing growth and a demand for more capacity, including for data center thermal and power infrastructure. India's emergence as a data center hub in the APAC region is a key reason that we built this third manufacturing facility in India, and it reinforces our commitment to nurturing the country's data center ecosystem while also addressing global demand." 

According to a JLL report, India's data center industry is poised for a robust 678 MW expansion in the next three years, elevating its capacity to 1400 MW by 2025, establishing the nation as the 13th largest market globally. Additionally, India Briefing has reported that 45 new data centers collectively spanning 13 million square feet with 1,015 MW capacity are scheduled for development by 2025, forecasted to drive the industry to a size of $9.27 billion by 2027.

Subhasis Majumdar, managing director, Vertiv India, said, "India is witnessing significant investments in the data center industry by both domestic and global players. Our new plant with its state-of-the-art infrastructure will help us provide more thermal management capacity, improve lead times, and enhance our ability to deliver tailor-made, large, and complex solutions. In addition to the global offerings, Vertiv will align solutions with India's unique environmental and infrastructural needs, enabling optimal performance and reliability. The new facility also helps Vertiv to continue our support of the Make in India initiative."

For more information about Vertiv, 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.

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