Vertiv unit agrees to acquire UtilityInnovation Group for $1.45B plus earnouts
Vertiv Holdings’ unit Vertiv Corporation has agreed to acquire UtilityInnovation Holdings (UtilityInnovation Group), a provider of microgrid solutions, advanced power controls and behind-the-meter power architecture, for $1.45 billion plus earnouts.
WASHINGTON (dpa-AFX) - Vertiv Holdings Co. (VRT) on Wednesday said its unit Vertiv Corporation has agreed to acquire Utility Innovation Holdings, Inc., which operates as UtilityInnovation Group (UIG), a provider of microgrid solutions, advanced power controls, and behind-the-meter power architectur…