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Vertiv, which builds power and cooling systems for AI data centres, completed its purchase of microgrid specialist UtilityInnovation Group on 27 October 2026 for about $1.45 billion in upfront cash, roughly 13 times UIG's expected 2027 EBITDA, plus up to $1.15 billion more if earnings targets are met with additional payments contingent on earnings targets.

Verified 2026-10-27

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Why it matters

Grid hookups are now a bottleneck for AI data centres, so a cooling and power supplier is paying up to offer on-site power that skips the utility queue.

VertivVRT
Price
$247.15
30D
-5.53%
AI share of revenue
Not disclosed

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