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Vertiv Announces Agreement to Acquire UtilityInnovation Group to Accelerate Time to Power for AI Data Centers
The deal adds microgrid controls and behind-the-meter power architecture as grid constraints slow AI data center buildouts, Vertiv said.
- On Wednesday, Vertiv Holdings announced it will acquire Utility Innovation Group for approximately $1.45 billion in cash at closing.
- Vertiv CEO Gio Albertazzi said the acquisition extends the company's portfolio upstream to the grid interconnect, helping data center operators secure power faster as grid constraints limit AI infrastructure deployment.
- Founded in 2020, Raleigh-based UIG provides microgrid systems and proprietary controls for data centers; the deal includes up to $1.15 billion in earnouts, valuing the acquisition at approximately 13 times expected 2027 EBITDA.
- Shares of the Westerville, Ohio-based power equipment maker fell about 2% in premarket trading on Wednesday, as the transaction is expected to close in the fourth quarter of 2026.
- This combination positions Vertiv to offer a coordinated power architecture from source to chip, supporting grid-connected, bridge-to-grid, and islanded sites while reducing deployment complexity.
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Vertiv agrees $1.45 billion deal to expand onsite power for AI data centers
Vertiv has agreed to acquire UtilityInnovation Group for about $1.45 billion in cash, adding microgrid controls and onsite power expertise as AI data-center operators look for ways to reduce their dependence on lengthy utility connection schedules.
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The AI Journal
The AI JournalVertiv Announces Agreement to Acquire UtilityInnovation Group to Accelerate Time to Power for AI Data Centers
~$1.45 billion acquisition expected to expand Vertiv's addressable opportunity in power-constrained data centers Adds microgrid controls, onsite generation...
·Chicago, United States
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Total News Sources13
Leaning Left1Leaning Right1Center4Last UpdatedBias Distribution67% Center
Bias Distribution
- 67% of the sources are Center
67% Center
L 17%
C 67%
R 16%
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