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Vertiv bets on power supply
In U.S. stock market news, Vertiv (VRT) agreed on Wednesday to acquire UtilityInnovation Group (UIG). UIG designs on-site power systems for data centers, and the transaction is valued at up to $2.6 billion. Approximately $1.45 billion in cash will be paid at closing, while the remaining $1.15 billion depends on whether the acquired business reaches its Profit targets. Vertiv is betting that power supply is increasingly becoming the primary bottleneck limiting the pace of artificial intelligence
Last edited on 2026-09-10 08:55:02
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