Vertiv agrees to buy Utility Innovation Holdings for $1.45B cash
Vertiv agreed to acquire Data-center power company Utility Innovation Holdings for $1.45 billion in cash. The deal also includes additional consideration of up to $1.15 billion tied to targets for EBITDA.
By Katherine HamiltonVertiv agreed to acquire Utility Innovation Holdings, a data-center power company, for $1.45 billion in cash.The deal comes with additional consideration of up to $1.15 billion based on achieving certain targets for earnings before interest, taxes, depreciation and amortization…