Vertiv signs definitive agreement to acquire Utility Innovation Holdings for $1.45B
Vertiv signed a definitive merger agreement to acquire Utility Innovation Holdings (UIG), a data-center microgrid firm, for approximately $1.45 billion in cash, with potential additional consideration of up to $1.15 billion contingent on UIG hitting EBITDA targets, as disclosed in an SEC filing.
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🚨 VERTIV $VRT SIGNS DEFINITIVE MERGER AGREEMENT TO ACQUIRE UTILITY INNOVATION HOLDINGS - SEC FILING
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VERTIV TO BUY DATA-CENTER MICROGRID FIRM UIG FOR $1.45B Vertiv $VRT is acquiring UtilityInnovation Group, a company that builds microgrid controls and behind-the-meter power systems for data centers, for ~$1.45B in cash. The deal can rise by another $1.15B if UIG hits EBITDA https://t.co/16A2L12WPj