Vertiv (NYSE: VRT), a global provider of critical digital infrastructure and continuity solutions, today announced the acquisition by its Chinese subsidiary of certain assets and technologies of BiXin Energy Technology (Suzhou) Co., Ltd (BSE), a manufacturer of chillers, heat pumps, heat-recovery solutions and air-handling units.
Focused on expanding the Vertiv chiller family, the acquisition strengthens Vertiv’s portfolio of critical technologies and solutions in support of high-performance compute and AI applications globally. Founded in 2010, BSE brings to Vertiv an established and field-proven presence in the China market and other Asian regions, along with industry patents, advanced technology solutions and strong research and development capabilities that will reinforce Vertiv’s global offering.
BSE’s core product offerings include oil-free, magnetic-bearing centrifugal water-cooled and air-cooled chillers incorporating pumped-refrigerant-economization technology, with cooling capacities of up to 5.5 MW. BSE is a leader in the Asia region on centrifugal technology, which is designed to provide high efficiency, low maintenance, quiet operation and high reliability.
“This acquisition supports our capital allocation strategy, which includes adding technologies that are early in the maturity curve to our portfolio,” said Giordano Albertazzi, Chief Executive Officer, Vertiv. “BSE’s solutions and technologies complement and reinforce Vertiv’s existing chiller portfolio and will assist us in addressing growing air and liquid cooling demand to support high-performance compute and AI. Vertiv has the most complete critical digital infrastructure portfolio and BSE further strengthens our technology offerings that we can provide to customers globally.”
Since early 2024, Vertiv has partnered with BSE to manufacture Vertiv-branded products for existing customers in China and throughout Asia. BSE is an Air Conditioning, Heating, Refrigeration Institute (AHRI) certified test facility, a China Refrigeration and Air-Conditioning Industry Association (CRAA) member and a China High and New-Technology Enterprise. Its products carry the AHRI-certified and CRAA-certified product labels. The combination of engineering, test and technology expertise in centrifugal chillers is complementary to Vertiv’s global chiller product portfolio.
“We’ve enjoyed an outstanding partnership with Vertiv and look forward to becoming a part of the company,” said York Zha, BSE’s CEO. “We’re excited to combine our portfolio with Vertiv’s to deliver a highly efficient and reliable offering of chiller and heat-recovery and reuse solutions for data center customers globally.”
