Vertiv Unit to Acquire Utility Innovation for $1.45 Billion
MT newswire2026/09/02 10:52Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!
A welcome pack worth 6200 USDT for new users! Sign up now!
06:52 AM EDT, 09/02/2026 (MT Newswires) -- Vertiv's (VRT) subsidiary signed a deal to acquire Utility Innovation for about $1.45 billion in cash at closing, the company said Wednesday. The deal provides for up to $1.15 billion in additional cash consideration based on Utility Innovation's achievement of certain financial milestones. Vertiv expects the deal to be accretive to adjusted EPS in the first year after completion. The acquisition will expand Vertiv's portfolio with the addition of microgrid controls and onsite generation orchestration, among other capabilities. The deal is subject to regulatory approvals and customary closing conditions and is set to close in Q4.
0
0
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!
You may also like
--GUIDANCE: (CXM) Sprinklr Expects Fiscal Q3 Adjusted EPS of About $0.11, vs. FactSet Est of $0.13
MT newswire•2026/09/02 11:09
Align Capital Partners acquires Trident Solutions
Reuters•2026/09/02 11:08
Aztec Minerals drills 83.8 m at 1.31 g/t AuEq at Tombstone project in Arizona
Reuters•2026/09/02 11:07
American International Group Names John Rice as Chair
MT newswire•2026/09/02 11:07
Crypto prices
MoreBitcoin
BTC
$76,518.32
-1.82%
Ethereum
ETH
$2,366.63
-3.62%
Tether USDt
USDT
$0.9995
-0.02%
BNB
BNB
$681.59
-0.73%
XRP
XRP
$1.32
-4.28%
USDC
USDC
$0.9998
-0.01%
Solana
SOL
$97.89
-4.29%
TRON
TRX
$0.3227
-1.66%
Hyperliquid
HYPE
$80.92
-2.99%
Zcash
ZEC
$796.35
-5.43%
How to buy BTC
Bitget lists BTC – Buy or sell BTC quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now