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Vertiv Completes Acquisition of MEMS Maintenance Business, Expands Service Capabilities in the U.K.

December 5, 2018

COLUMBUS, Ohio--(BUSINESS WIRE)--Dec 5, 2018--Vertiv announced today that it has completed the purchase of the maintenance business of MEMS Power Generation (MEMS), a privately-owned company headquartered in the United Kingdom that specializes in temporary power solutions. This marks the third acquisition for Vertiv, and is consistent with the company’s growth strategy. MEMS will now focus entirely on its generator rentals solutions business.

“The addition of the MEMS maintenance business is a natural fit for our existing U.K. business and we welcome MEMS’ more than 160 contract customers that we now have the opportunity to serve,” said Rob Johnson, Vertiv chief executive officer. “By strengthening our capability in generator maintenance, and expanding our service offerings in critical infrastructure in EMEA, we’re well positioned to offer customers an unmatched suite of services.”

“Since partnering with Vertiv in 2016, we continue to be impressed by the company’s vision and ability to execute strategic deals that serve to expand the business in key growth areas,” said Platinum Equity Partner Jacob Kotzubei. “The Vertiv management team continues to make smart investments to grow its global business and position the company for continued success.”

The 160 MEMS contract customers in the U.K. range from data centers to hospitals and universities to industrial companies and utilities. Vertiv will service the newly acquired MEMS customers with the Vertiv U.K. service team.

Vertiv and MEMS Power Generation closed the sale on Nov. 30, 2018. MEMS transferred all its service and maintenance contracts to Vertiv at that time.

About Vertiv

Vertiv brings together hardware, software, analytics and ongoing services to ensure its customers’ vital applications 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 Columbus, Ohio, USA, Vertiv employs around 20,000 people and does business in more than 130 countries. For more information, and for the latest news and content from Vertiv, visit  VertivCo.com.

View source version on businesswire.com:https://www.businesswire.com/news/home/20181205005358/en/

CONTACT: Myra Mash

Vertiv

T+614 841 6565

E myra.mash@vertivco.comSara Steindorf

FleishmanHillard for Vertiv

T+314 982 1725

Esara.steindorf@fleishman.com

KEYWORD: UNITED KINGDOM UNITED STATES EUROPE ASIA PACIFIC NORTH AMERICA CENTRAL AMERICA SOUTH AMERICA CANADA OHIO MIDDLE EAST

INDUSTRY KEYWORD: TECHNOLOGY CONSUMER ELECTRONICS DATA MANAGEMENT HARDWARE INTERNET NETWORKS TELECOMMUNICATIONS OTHER TECHNOLOGY SEMICONDUCTOR MOBILE/WIRELESS

SOURCE: Vertiv

Copyright Business Wire 2018.

PUB: 12/05/2018 07:18 AM/DISC: 12/05/2018 07:18 AM

http://www.businesswire.com/news/home/20181205005358/en

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