Vertiv closes $1.45 billion UIG microgrid acquisition

Vertiv has completed its acquisition of Utility Innovation Holdings (UIG) for about $1.45 billion in upfront cash, with up to $1.15 billion more payable if the business meets EBITDA targets, the company said in an SEC filing on Tuesday.

Why it matters: UIG designs microgrids, advanced power controls and behind-the-meter power systems for data centres, so the closing puts Vertiv inside the on-site power layer that AI campuses increasingly need before grid connections arrive.

Data as of Vertiv Holdings Co Form 8-K filed October 27, 2026 (accession 0001628280-26-067393), read in full in this run, is the primary source for the closing, the consideration and UIG's business. The merger agreement was dated September 1, 2026 and previously announced. Developing item.

Vertiv Corporation completed its acquisition of Utility Innovation Holdings, Inc. (UIG) on October 27, 2026, paying approximately $1.45 billion in upfront cash at closing, subject to customary adjustments, with additional cash consideration of up to $1.15 billion payable in two tranches if UIG meets specified EBITDA targets, Vertiv Holdings Co said in its Form 8-K. UIG, which becomes a wholly owned subsidiary, provides microgrid solutions, advanced power controls and behind-the-meter power architecture design for data centers.

The closing completes the merger agreement dated September 1, 2026, and Vertiv announced the completion in a press release furnished with the filing.

Vertiv closes $1.45 billion UIG microgrid acquisition

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