Vertiv, one of the largest suppliers of power, cooling and prefabricated modular infrastructure to data centres, reported a 61% jump in third-quarter sales and said organic orders had more than doubled year on year. Its Europe, Middle East and Africa business also grew, but at a markedly slower pace than the company’s other regions.
What Vertiv reported
In results published on 28 October, the US-listed group posted net sales of $4.31bn for the three months to 30 September, up 61% on the same period of 2025. Organic growth, which strips out acquisitions and currency effects, was 55%, with acquisitions contributing roughly six percentage points.
Chief executive Giordano Albertazzi said the industry was “in the middle of the largest infrastructure buildout and it’s accelerating”. The company raised its full-year 2026 net sales guidance by $650m to a range of $14.45bn to $14.85bn, and lifted its adjusted diluted earnings per share forecast to $7.10–$7.20.
The regional numbers
The regional split shows where the spending is concentrated:
- Americas: $2.99bn, up 75% reported and 66% organically.
- Asia Pacific: $779m, up 50% reported and 48% organically.
- EMEA: $545m, up 23% reported and 19% organically.
EMEA therefore accounted for about 13% of group sales in the quarter. Its growth rate, while solid by most industrial standards, was less than a third of the organic pace recorded in the Americas, where hyperscale and AI campus construction continues to dominate equipment demand.
European manufacturing is still expanding
The slower regional growth has not stopped Vertiv adding European factory space. On 28 September the company said it would build about 22,000 square metres of new manufacturing space at its campus in Nové Mesto nad Váhom, Slovakia, over the next 18 to 24 months. The expansion is intended to increase output of power, switchgear and thermal management equipment, including liquid cooling for high-density AI and high-performance computing, and is expected to create hundreds of jobs between 2027 and 2029.
Vertiv also cited recent expansion initiatives at facilities in Italy, Croatia and Ireland. In EMEA it markets prefabricated modular data centre products, including its MegaMod and SmartMod ranges, alongside conventional power and cooling equipment.
Why it matters for modular and edge in Europe
Large equipment suppliers are a useful barometer for the European modular market because the same factories that build switchgear, UPS systems and cooling plant also feed prefabricated power skids and modular data halls. The quarter’s figures suggest that, for now, the bulk of new demand and manufacturing priority is flowing to North American projects.
For European developers of containerised, edge and smaller modular sites, that has two practical implications. First, lead times for critical electrical and thermal equipment are likely to remain shaped by global AI demand rather than local conditions, which favours buyers who lock in supply early or work with vendors that have regional production. Second, the continued build-out of capacity in Slovakia and elsewhere in Europe indicates that suppliers expect EMEA demand to grow, even if it currently lags. Operators planning factory-built deployments in 2027 and 2028 will want to watch whether that new European capacity translates into shorter delivery windows.
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