Vertiv Agrees to Acquire UtilityInnovation Group for $1.45 Billion
The planned deal would add microgrid controls and onsite power capabilities, with up to $1.15 billion in additional performance payments.
Vertiv announced on September 2 that it agreed to acquire UtilityInnovation Group (UIG) for approximately $1.45 billion in cash at closing, plus up to $1.15 billion tied to earnings targets over 12- and 24-month periods.
The planned acquisition would add microgrid controls, switchgear and systems that coordinate onsite generation and energy storage to Vertiv’s power and cooling portfolio. Vertiv says UIG’s capabilities would support data centers connected to the grid, awaiting a grid connection or powered independently.
Next step: Vertiv’s announcement projected a fourth-quarter 2026 closing, subject to regulatory approvals and customary conditions. It describes an agreed transaction, rather than a completed acquisition.
Contacts & resources
Investor inquiries: Lynne Maxeiner, Vertiv investor relations
Media inquiries: Ruder Finn for Vertiv
Original source: Vertiv acquisition announcement · September 2, 2026. Includes deal terms, closing conditions and the contacts above.
Company background: Vertiv · UtilityInnovation Group