Vertiv Completes $1.45 Billion Acquisition Of UtilityInnovation Group
Vertiv has completed its acquisition of Utility Innovation Holdings, Inc., operating as UtilityInnovation Group (UIG), in a deal valued at approximately $1.45 billion in upfront cash. The transaction also includes contingent payments of up to $1.15 billion, subject to UIG achieving specified earnings before interest, taxes, depreciation and amortisation (EBITDA) targets over 12- and 24-month …
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