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Vertiv to acquire Utility Innovation Group for $1.45B

PUBLIC · VRTSep 02, 2026•6 days ago

Acquiring Company

Vertiv Holdings Co

Acquired Company

UtilityInnovation Group

ColumbusRaleighManufacturingInformation TechnologyHardwareSoftwareInternet ServicesAnalyticsData CenterEnergyArtificial IntelligenceRenewable Energy

Description

Vertiv has announced its agreement to acquire Utility Innovation Group for approximately $1.45 billion in cash, enhancing its power and cooling portfolio. The acquisition is designed to improve capabilities for data center operators facing grid constraints. Additional contingent payments up to $1.15 billion are based on UIG's future performance. This deal signifies a strategic expansion into microgrid technologies.

Company Information

Company

Vertiv Holdings Co

Location

Columbus, Ohio, United States

About

Vertiv (NYSE: VRT) brings together hardware, software, analytics and ongoing services to ensure its customers’ vital applications run continuously, perform optimally and grow with their business needs. Vertiv solves the most important challenges facing today’s data centers, communication networks and commercial and industrial facilities with a portfolio of power, cooling and IT infrastructure solutions and services that extends from the cloud to the edge of the network. Headquartered in Columbus, Ohio, USA, Vertiv employs approximately 20,000 people and does business in more than 130 countries. For more information, and for the latest news and content from Vertiv, visit Vertiv.com.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed

Frequently asked

Who acquired UtilityInnovation Group?

UtilityInnovation Group was acquired by Vertiv Holdings Co, based in Columbus. The deal was reported on September 2, 2026. Vertiv (NYSE: VRT) brings together hardware, software, analytics and ongoing services to ensure its customers’ vital applications run continuously, perform optimally and grow with their business needs. Vertiv Holdings Co is publicly traded (VRT) and operates in Manufacturing.

When did Vertiv Holdings Co acquire UtilityInnovation Group?

Vertiv Holdings Co's acquisition of UtilityInnovation Group was reported on September 2, 2026. Vertiv has announced its agreement to acquire Utility Innovation Group for approximately $1.45 billion in cash, enhancing its power and cooling portfolio. The acquisition is designed to improve capabilities for data center operators facing grid constraints. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does UtilityInnovation Group do?

UtilityInnovation Group (UIG) focuses on delivering cutting-edge energy solutions for data centers. The company aims to support the rapid expansion of data centers in North America and Europe. It is privately held, operating in Energy, and is based in Raleigh.

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