Vertiv announced 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.
@Technuter.com News Service