India, Nov. 9 -- Vertiv has completed its approximately USD 1.45 billion acquisition of Utility Innovation Holdings, operating as UtilityInnovation Group (UIG), marking a strategic expansion into the power infrastructure supporting data centres. The Vertiv USD 1.45 billion acquisition comes as growing AI infrastructure requirements make access to reliable electricity a major challenge for data centre operators.

The transaction includes approximately USD 1.45 billion in upfront cash, with an additional $1.15 billion in potential contingent payments tied to UIG achieving specified EBITDA targets over 12- and 24-month periods.

UIG specialises in microgrid solutions, advanced power controls and behind-the-meter (BTM) power architecture for ...