NEWS
Vertiv projects doubling of global manufacturing capacity for Switchgear , Busway and IMS
Vertiv has increased capacity of its switchgear , busway and integrated modular solutions ( IMS ) business by more than 100 % since acquiring the E & I Engineering and PowerBar Gulf switchgear , busway and IMS business in November 2021 .
The company anticipates further doubling capacity with expansions through the end of 2025 . The expansion plans enable Vertiv to support current commitments and accelerating customer demand for data center power infrastructure , especially for colocation and hyperscale sites , including applications for AI and highperformance compute .
Vertiv CEO Giordano ( Gio ) Albertazzi said : “ With the surging growth of data traffic , reinforced by rapid AI acceleration , current demand is exceeding the projections that we formulated at the time of the E & I acquisition . Vertiv is meeting the demand acceleration by investing in capacity in key areas and locations , scaling our operations worldwide and flexibly meeting future demand for power management .”
Albertazzi further noted that the acceleration of AI and other high-performance compute is generating demand for capacity and innovation across the company ’ s offering portfolio , including power , thermal management and prefabricated modular solutions . “ Investing in additional capacity in all global regions aligns with our strategy to enable the growth of the industry and to build a resilient supply chain ,” said Albertazzi .
Vertiv ’ s switchgear , busbar and IMS capacity expansion through increased utilisation and footprint expansion is happening in South Carolina ( United States ), Mexico , Slovakia , United Arab Emirates , Ireland , and Northern Ireland .
Carlyle and Insight Partners invest in Exiger
Exiger has entered into a definitive agreement through which it will receive a majority investment from funds managed by global investment firm Carlyle and global software investor Insight Partners .
The partnership will enable Exiger to continue investing in its awardwinning product portfolio of AI solutions that are used in critical applications across government and commercial markets . The company ’ s management , founders and existing investor Carrick Capital Partners will reinvest equity as part of this transaction .
differentiated expertise in AI and its long history in backing highgrowth businesses that sell into government and the commercial sectors in which Carlyle focuses .
Insight Partners says it was ‘ excited ’ to partner with the Exiger management team and Carlyle to Drive the next phase of growth at Exiger as the company scaled up . p
“ Exiger ’ s AI technology transforms the way organizations identify and manage risk , reduce cost and increase resilience across their supplier and third-party ecosystems . We are thrilled to partner with Carlyle and Insight Partners as we continue to invest in our 1Exiger platform which empowers our customers to make confident , deliberate decisions informed by real-time insights ,” said Brandon Daniels , Exiger CEO .
The 1ExigerAI platform addresses the entire risk landscape , including foreign ownership , control or influence , environmental , social and governance , cyber , financial health , reputational , national security , regulatory , product and operational risks .
Carlyle pitches the investment as leveraging Carlyle ’ s its
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