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Vertiv completes its acquisition of UtilityInnovation Group, adding microgrid controls and behind-the-meter power
What changed
Vertiv has closed its purchase of UtilityInnovation Group (UIG), a Raleigh, North Carolina company that designs microgrid controls, onsite generation and storage orchestration, microgrid switchgear and behind-the-meter power systems for data centres. Vertiv paid about US$1.45 billion in upfront cash, with up to US$1.15 billion more payable in cash if UIG meets EBITDA targets over 12 and 24 months (official). The deal was announced in September 2026. Buyers who use UIG systems should expect Vertiv ownership in contracts and support, and Vertiv can now offer power from the grid interconnect to the rack under one supplier.
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