Vertiv completes $1.45 billion UIG acquisition as AI data centres face growing power constraints

In brief

Vertiv has completed its $1.45 billion acquisition of Utility Innovation Group (UIG), a move that strengthens the data centre infrastructure provider’s ability to deliver power solutions as demand from artificial intelligence (AI) infrastructure continues to grow. The transaction, which was funded through an upfront cash payment of approximately $1.45 billion, also includes potential additional payments …