Vertiv Agrees to Acquire UtilityInnovation Group for $1.45B

Vertiv has agreed to acquire UtilityInnovation Group (UIG) for approximately US$1.45 billion in cash, plus up to US$1.15 billion in earnout consideration. The deal aims to expand Vertiv's power portfolio into microgrids and on-site generation to address AI data center power constraints.

“Vertiv has agreed to acquire UtilityInnovation Group (UIG), a provider of microgrid solutions, advanced power controls and behind-the-meter power architecture for data centres. The transaction, valued at approximately US$1.45 billion in cash at closing, is aimed at helping data centre operators address growing power constraints associated with AI infrastructure.”

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