Vertiv Holdings announced the acquisition of Utility Innovation Holdings, operator of Utility Innovation Group, for an enterprise value of approximately $1.45 billion, with potential earnouts bringing the total payout to $2.6 billion. UIG, based in Raleigh, North Carolina and founded six years ago, develops microgrid controls, onsite generation systems, energy storage orchestration platforms, and microgrid-specific switchgear. The transaction values UIG at roughly 13 times its anticipated EBITDA for 2027 and is expected to be accretive to adjusted earnings per share in the first full year after closing. Vertiv, listed on the NYSE under the ticker VRT, is expanding its portfolio toward autonomous power solutions essential for AI data centers that cannot wait for traditional grid infrastructure to catch up.
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