Vertiv agrees to buy UtilityInnovation Group for about $1.45B
Vertiv Holdings agreed to acquire UtilityInnovation Group for approximately $1.45 billion in cash at closing, plus additional consideration of up to $1.15 billion tied to EBITDA targets over 12 and 24 month periods.
Vertiv Holdings NYSE:VRT agreed to acquire UtilityInnovation Group for approximately $1.45 billion in cash at closing, with additional consideration of up to $1.15 billion tied to EBITDA targets over 12 and 24 month periods.
UIG designs microgrid systems, power controls and behind-the-meter power a…