Vertiv to buy Utility Innovation for $1.45 billion; shares fall
VRT•Analyst sentiment and stock performance
- 29 of 32 brokerages rate the stock "buy" or above, while 3 rate it "hold".
- The median price target is $337, according to data compiled by LSEG.
- As of the last close, the stock was up 58% year to date.
Rising demand for microgrids and onsite power systems
Demand for microgrids and onsite power systems is rising as data center operators continue to seek alternatives to constrained utility grids amid an AI-driven boom in power demand.
The deal is expected to close in Q4 2026.
Vertiv to acquire Utility Innovation Group for $1.45 billion in cash
- Shares of digital infrastructure provider Vertiv VRT.N fell 1.72% to $251.34 premarket.
- VRT said it will buy data centre microgrid and power control solutions provider Utility Innovation Group for about $1.45 billion in cash.
- The deal includes additional consideration of up to $1.15 billion in cash, based on achieving certain earnings targets.
- Vertiv expects the deal to accelerate time to power data centers and expand its potential in power-constrained data centers.
