AI

Vertiv to acquire UIG to strengthen AI data center power infrastructure

Vertiv is set to acquire Utility Innovation Holdings, Inc., which operates as UtilityInnovation Group (UIG), in a deal valued at approximately $1.45 billion in cash at closing, with an additional $1.15 billion earnout tied to EBITDA targets. The acquisition is designed to expand Vertiv’s capabilities beyond traditional data center infrastructure and into microgrid controls, onsite […]