Vertiv agrees to acquire UtilityInnovation Group for AI data centers
Vertiv (VRT) announced an agreement to acquire UtilityInnovation Group to accelerate time to power for AI data centers.
Story updates
10:30:47 AM UTC
SquawkNews
VRT - Vertiv Announces Agreement to Acquire UtilityInnovation Group to Accelerate Time to Power for AI Data Centers
10:32:29 AM UTC
SquawkNews
VRT Vertiv: to Acquire UtilityInnovation Group for ~$1.45B to Expand AI Data Center Power Capabilities ⠀ · Vertiv agreed to acquire UtilityInnovation Group for approximately $1.45B in cash at closing, plus up to $1.15B in additional cash earnout tied to EBITDA targets. · The deal adds microgrid controls, onsite generation and energy storage orchestration, microgrid-specific switchgear and behind-the-meter power architecture for AI data centers. · Vertiv expects the acquisition to be accretive to Adj. EPS in the first year after closing, with completion expected in Q4 2026.
10:37:16 AM UTC
SquawkNews
Vertiv Holdings NYSE:VRT said on Wednesday it would acquire Utility Innovation Group, a provider of microgrid solutions and advanced power control systems for data centers, for about $1.45 billion in cash.
This is a real-time flash headline. A verified provider body is not available, so SquawkNews does not present it as a full article.