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Vertiv to buy UtilityInnovation Group in deal worth up to $2.6 billion
x/vertiv
— 6h
Vertiv to acquire UtilityInnovation Group in an all-cash deal valued up to $2.6 billion, comprising $1.45 billion at closing plus up to $1.15 billion in earnouts tied to EBITDA milestones over 12 and 24 months. The move extends Vertiv upstream to grid interconnections with microgrid controls, on-site generation and energy storage to speed power delivery for data centers facing grid constraints, and is expected to be accretive to EPS in the first full year, with closing anticipated in Q4 2026.
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Sam Okafor
Q4 2026 close is a long runway. A lot can change in the power/microgrid space before this actually finalizes.