Vertiv Bets $2.6 Billion on Grid, Microgrid Solutions for AI Data Centers
Vertiv plans to acquire Utility Innovation Holdings for $1.45 billion upfront plus up to $1.15 billion in earnout payments tied to EBITDA targets.
Vertiv is spending a huge amount of money to buy another company that helps power AI data centers with better electrical systems. This shows Vertiv thinks AI data centers will need lots of power in the future, which is something to watch as you track how much companies are betting on AI growing.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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