In August 2016, Emerson Electric announced the sale of its entity Emerson Network Power to a private equity firm. Following the closure of the acquisition in December 2016 the company rebranded as Vertiv.
Vertiv in Australia and New Zealand will build on the portfolio of product and service offerings for power, thermal and IT management capabilities it previously offered as Emerson Network Power, including its flagship brands ASCO, Chloride, Liebert, NetSure and Trellis.