Vertiv Strikes $1.45B Deal for Microgrid Firm UtilityInnovation Group

Vertiv has agreed to acquire UtilityInnovation Group for about $1.45 billion to enhance its microgrid and onsite power capabilities, aiming to support data center operators facing grid constraints. The deal includes additional earnouts contingent on future earnings targets and is expected to boost Vertiv's adjusted earnings per share within a year. This acquisition expands Vertiv's power portfolio to include microgrid controls and energy storage orchestration, facilitating faster power access in