Vertiv Completes Acquisition of UtilityInnovation Group
PR Newswire•27/10/2026•06:30 ET
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Key Highlights
- ➤Vertiv completes UtilityInnovation Group acquisition for approximately $1.45 billion upfront cash
- ➤Earnout adds up to $1.15 billion contingent cash tied to 12- and 24-month EBITDA targets
- ➤Acquisition expected to be accretive to adjusted earnings per share in the first year
- ➤UIG adds microgrid controls, onsite generation orchestration and behind-the-meter power architecture
- ➤Transaction extends Vertiv’s portfolio upstream from grid interconnect through chip-level infrastructure
Expert Statements
Giordano Albertazzi, CEO of Vertiv
“As AI data center operators work to accelerate deployment in an increasingly power-constrained environment, access to power has become a critical competitive advantage. With UIG now part of Vertiv, we can extend our capabilities upstream to the utility interconnect and onsite power sources, creating a coordinated solution, from behind-the-meter power generation to chip, that helps customers achieve faster time to power without tying them to a single generation technology or supplier.”
Sidney Hinton, Founder and CEO of UIG
“UIG is excited to advance its mission to solve the power constraints that are slowing AI data center development. As part of Vertiv, we will be able to bring our microgrid and behind-the-meter power expertise to a broader set of customers globally, helping accelerate deployment of the critical infrastructure needed to support the growth of AI.”
Vertiv Completes Acquisition of UtilityInnovation Group PR Newswire
~$1.45 billion acquisition expected to expand Vertiv's addressable opportunity in power-constrained data centers
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