Vertiv (VRT) will pay $1.45 billion cash for microgrid maker UtilityInnovation Group plus up to $1.15 billion in earnouts, about 13x expected 2027 EBITDA.

Vertiv übernimmt UtilityInnovation für bis zu 2,6 Milliarden US-Dollar, während Dividende und Kursentwicklung unterschiedliche Signale senden.

A Vertiv Holdings Co. (NYSE: VRT) anunciou nessa quarta-feira (9) um acordo para adquirir a UtilityInnovation Group (UIG), especializada em soluções de

Vertiv, wereldwijde leverancier van digitale infrastructuur, heeft aangekondigd dat het volledige aandeel in UtilityInnovation Group overneemt. De overname is gericht op het versnellen van de elektric… · Photo : Eric Friedebach · CC BY · Flickr

Vertiv, a supplier to Airtel Africa’s planned 42MW Nigerian data centre, is acquiring microgrid company UtilityInnovation Group for as much as $2

Sees data center supplier move up the chain into the behind-the-meter space

Vertiv's acquisition of UtilityInnovation Group for $1.45 billion aims to boost power solutions in data centers, particularly for AI applications.

Vertiv said on September 2, 2026 that it has entered into an agreement to acquire UtilityInnovation Group, a microgrid and behind-the-meter power architecture firm, for approximately $1.45 billion in cash at closing. The deal adds onsite power generation and orchestration capabilities aimed at data center operators facing grid constraints. Under the agreement and plan of merger, Vertiv’s wholly-owned subsidiary Vertiv Corporation will acquire Utility Innovation Holdings, which operates as UtilityInnovation Group (UIG). Additional consideration of up to $1.15 billion in cash is contingent on UIG achieving certain earnings before interest, taxes, depreciation and amortization targets over 12- and 24-month periods, according to the company’s announcement. Vertiv said the approximately $1.45 billion purchase price represents roughly 13 times UIG’s expected 2027 EBITDA, and that the multiple would be significantly lower if the full earnout is paid. The company expects the acquisition to be accretive to adjusted earnings per share in the first year after completion. Extending the Power Portfolio Upstream Vertiv described the acquisition as an extension of its power and cooling portfolio upstream to the grid interconnect. The transaction adds microgrid controls, onsite generation and energy storage orchestration, microgrid-specific switchgear, and behind-the-meter power architecture design to the company’s existing offerings...

Vertiv Holdings Co. said Wednesday that it has agreed to acquire UtilityInnovation Group, a provider of microgrid controls and behind-the-meter power systems for data centers, for about $1.45 billion in cash at closing plus up to $1.15 billion in additional consideration tied to earnings targets.

Vertiv (VRT)/b) agreed for its subsidiary Vertiv Corporation to acquire Utility Innovation Holdings, operator of UtilityInnovation Group (UIG), for approximately at closing, plus up to $1.15 billion in additional cash earnout based on EBITDA targets.At the approximately $1.45 billion purchase price, the deal equates to about 13x expected UIG 2027 EBITDA, with the multiple expected to be lower if the full earnout is paid. Vertiv expects the transaction to be accretive to adjusted EPS in the first year after completion. The acquisition extends Vertiv’s portfolio upstream to the grid interconnect, adding microgrid controls, onsite generation and energy storage orchestration, microgrid-specific switchgear and behind-the-meter power architecture for AI-focused data centers.UIG, founded in 2020 and headquartered in Raleigh, North Carolina, operates in the US and Europe with proprietary controls software and microgrid switchgear. Closing is expected in the fourth quarter of 2026, subject to regulatory approvals and customary conditions.

Vertiv has agreed to acquire UtilityInnovation Group for about $1.45 billion in cash, adding microgrid controls and onsite power expertise as AI data-center operators look for ways to reduce their dependence on lengthy utility connection schedules.

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