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Vertiv To Acquire UtilityInnovation Group For $1.45 Bln Plus Earnouts

Source: Nasdaq

M&A & RestructuringInfrastructure & DefenseEnergy Markets & PricesCompany Fundamentals

Vertiv agreed for its unit to acquire Utility Innovation Holdings (UtilityInnovation Group), a provider of microgrid solutions, advanced power controls, and behind-the-meter power automation. The deal expands Vertiv’s presence in grid-edge power and microgrid technologies, which investors may view as a strategic growth step, but specific financial terms were not provided in the excerpt.

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