Vertiv Announces Agreement to Acquire UtilityInnovation Group to Accelerate Time to Power for AI Data Centers

• ~$1.45 billion acquisition expected to expand Vertiv’s addressable opportunity in power-constrained data centers
• Adds microgrid controls, onsite generation orchestration, microgrid-specific switchgear and behind-the-meter power architecture to Vertiv's portfolio
• Extends Vertiv's power and cooling portfolio from grid interconnect to chip, independent of any single generation technology or supplier
• UIG's proven team and proprietary technology expected to help customers accelerate time to power through grid-connected or grid-independent architectures

Vertiv Holdings Co. (NYSE: VRT) ("Vertiv"), a global leader in critical digital infrastructure, announced its wholly-owned subsidiary, Vertiv Corporation, has entered into an agreement and plan of merger to acquire Utility Innovation Holdings, Inc., which operates as UtilityInnovation Group ("UIG"), a leader in microgrid solutions, advanced power controls and behind-the-meter power architecture design for data centers, for approximately $1.45 billion in cash at closing, with additional consideration of up to $1.15 billion in cash based on achieving certain earnings before interest, taxes, depreciation and amortization ("EBITDA") targets over 12- and 24-month periods.

At the approximately $1.45 billion purchase price, the acquisition represents approximately 13x expected UIG 2027 EBITDA. The EBITDA multiple is anticipated to be significantly lower if the full earnout is paid. Vertiv expects the acquisition to be accretive to adjusted earnings per share in the first year following completion. Strategically, the acquisition extends Vertiv upstream to the grid interconnect, adding microgrid controls, onsite generation and energy storage orchestration, and behind-the-meter power architecture. These capabilities are expected to help data center operators secure power faster as grid constraints increasingly limit AI infrastructure deployment.

As power availability becomes a more critical factor in data center development, architecture decisions are moving earlier in the planning process. Microgrid systems can coordinate onsite generation and energy storage, reduce reliance on utility power and support the grid when needed. This is expanding the importance of power architecture at the earliest stages of site development, when decisions can have significant implications for downstream infrastructure.

"For AI data center operators, competitive advantage increasingly depends on how quickly they can move from site selection to first token," said Gio Albertazzi, Chief Executive Officer, Vertiv. "Vertiv has the most complete power and cooling portfolio in the industry. With UIG, we anticipate extending that portfolio upstream to the utility interconnect and onsite power sources, creating a coordinated architecture from source to chip without tying customers to a single generation technology or supplier."

Albertazzi continued: "Together, we anticipate being better positioned to support grid-connected sites, bridge-to-grid deployments and islanded sites supplied by onsite generation, while reducing complexity from site planning through rack-level deployment. This broader capability can help customers accelerate time to power and, ultimately, time to first token."

UIG Founder and CEO Sidney Hinton added: "UIG was founded to solve increasingly complex power challenges for data center operators through flexible, technology-agnostic architectures. Vertiv's global scale, critical infrastructure portfolio and service capabilities make it a strong strategic fit for what we have built. We believe this combination can expand the reach of UIG's microgrid controls and power architecture expertise and create greater value for customers as power becomes an increasingly critical constraint on data center growth."

Expanding Vertiv's Onsite Power Capabilities

UIG's expertise and technologies complement Vertiv's existing offerings:

• Experience: Design and delivery of microgrid systems for AI data center operators across the United States and Europe, supported by extensive utility relationships and experience with complex, large-scale deployments. UIG's designs are generation-agnostic, allowing architectures to be built around the technologies a site can permit, fuel and finance.
• Expertise: Behind-the-meter power architecture design that engages customers at the earliest planning stages, before equipment is selected. This enables Vertiv to help define the power blueprint that shapes downstream infrastructure decisions, supported by pre-validated reference designs for grid-connected, bridge-to-grid and islanded sites.
• Technology: Proprietary controls platform and pre-engineered microgrid switchgear that orchestrate multiple power sources in real time and coordinate them with the critical power train.

Today, Vertiv brings deep systems and controls expertise across the critical power train, supported by an end-to-end power and cooling portfolio and global service network. Combined with UIG, Vertiv expects to help customers design and deploy integrated power architectures that improve speed, resiliency, efficiency, and flexibility.

Expected customer and operator benefits include:

• Faster access to power with less dependence on utility interconnection timelines
• Ability to scale site capacity beyond what the grid alone can provide
• A single accountable relationship from grid interconnect through rack-level infrastructure

Together, these capabilities are expected to give customers greater flexibility in how they source, manage and scale power as data center requirements evolve.

About UIG

Founded in 2020, UIG is headquartered in Raleigh, North Carolina, with European headquarters in Dublin, Ireland, and manufacturing operations in North Carolina and New Jersey. The company designs and delivers power systems that support real-time load and frequency balancing across behind-the-meter systems and utility-connected energy resources, helping address the power demands of AI data center workloads. Its solutions include proprietary controls software, customized microgrid switchgear and energy storage.

The transaction is subject to regulatory approvals and customary closing conditions and is expected to close in the fourth quarter of 2026.

J.P. Morgan Securities LLC is acting as financial advisor to Vertiv, and Buchanan Ingersoll & Rooney PC is serving as legal counsel. Morgan Stanley & Co. LLC is acting as financial advisor to UIG, and Davis Polk & Wardwell LLP is serving as legal counsel.

For more information on Vertiv's leading portfolio of power and thermal management, infrastructure solutions, IT systems, and services for critical digital applications, visit Vertiv.com.

About Vertiv

Vertiv (NYSE: VRT) brings together hardware, software, analytics and ongoing services to enable its customers' vital applications to run continuously, perform optimally and grow with their business needs. Vertiv solves the most important challenges facing today's data centers, communication networks and commercial and industrial facilities with a portfolio of power, cooling and IT infrastructure solutions and services that extends from the cloud to the edge of the network. Headquartered in Westerville, Ohio, USA, Vertiv does business in more than 130 countries. For more information, and for the latest news and content from Vertiv, visit Vertiv.com. 

Vertiv and IIT Madras Expand Data Center Skills Program to Maharashtra With RTMSSU Partnership

Vertiv's skills development funding program expands into Maharashtra to equip engineering students in data center operations and digital infrastructure management

Vertiv (NYSE: VRT), a global leader in critical digital infrastructure, supports the expansion of IIT Madras Pravartak Technologies Foundation's data center skilling initiative into Maharashtra through its corporate social responsibility (CSR) program. As part of this initiative, IIT Madras Pravartak Technologies Foundation also signed a Memorandum of Understanding (MoU) with the Ratan Tata Maharashtra State Skills University (RTMSSU) in the presence of Maharashtra Governor, Jishnu Dev Varma, during the "Start-up Frontier 1.0" exhibition and conference held at the Y B Chavan Auditorium in Mumbai last July 10, 2026.
Vertiv has partnered with IIT Mumbai, IIT Madras Pravartak Technologies Foundation, and IIT (BHU) to help engineering students build practical skills in data center operations and AI-ready infrastructure. Through hands-on training and industry exposure, these initiatives prepare students for careers in the digital infrastructure industry.
Leveraging its deep expertise in power, cooling, and IT infrastructure, Vertiv will provide free skill development training to 1,500 engineering students in data center operations and digital infrastructure management in 2026. This builds on the collaboration launched by Vertiv and IIT Madras Pravartak Technologies Foundation in 2025 to strengthen India's pipeline of skilled talent for the rapidly growing digital infrastructure sector. RTMSSU will leverage its network of pre-incubation centers across 60 colleges in Maharashtra to extend the program's reach. Students will receive certified online training along with internship and mentorship opportunities designed to prepare them for careers in data center operations and digital infrastructure management.
Speaking about the initiative, Dr. A S Prasad, vice president product management and engineering, Vertiv India, said,
"India's digital infrastructure growth is creating increasing demand for professionals with specialized skills in data center operations and management. At Vertiv, we believe that building this talent pipeline requires close collaboration between the academia and industry. Through this initiative, we provide engineering students with practical knowledge, industry exposure and the skills needed to contribute to India's evolving digital infrastructure ecosystem. We are pleased to support IIT Madras Pravartak Technologies Foundation and Ratan Tata Maharashtra State Skills University in expanding this program to Maharashtra and enabling more students to prepare for careers in this high-growth sector."
Dr. M.J. Shankar Raman, chief executive officer, IIT Madras Pravartak Technologies Foundation, added,
"As artificial intelligence continues to redefine industries and economies, data centers have become central to this digital transformation. This rapid growth has created an urgent need for skilled specialists who can operate and maintain these essential facilities. Through this program, we are dedicated to building a workforce that supports India's AI ambitions with the technical talent required to sustain them."
For more information about Vertiv and career opportunities, visit Vertiv.com.

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About Vertiv

Vertiv (NYSE: VRT) brings together hardware, software, analytics and ongoing services to enable its customers’ vital applications to run continuously, perform optimally and grow with their business needs. Vertiv solves the most important challenges facing today’s data centers, communication networks and commercial and industrial facilities with a portfolio of power, cooling and IT infrastructure solutions and services that extends from the cloud to the edge of the network. Headquartered in Westerville, Ohio, USA, Vertiv does business in more than 130 countries. For more information, and for the latest news and content from Vertiv, visit Vertiv.com

Forward-looking statements

This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27 of the Securities Act, and Section 21E of the Securities Exchange Act. These statements are only a prediction. Actual events or results may differ materially from those in the forward-looking statements set forth herein. Readers are referred to Vertiv’s filings with the Securities and Exchange Commission, including its most recent Annual Report on Form 10-K and any subsequent Quarterly Reports on Form 10-Q for a discussion of these and other important risk factors concerning Vertiv and its operations. Those risk factors could cause actual results to differ materially from historical performance. Vertiv is under no obligation to, and expressly disclaims any obligation to, update or alter its forward-looking statements, whether as a result of new information, future events or otherwise.

About IIT Madras

Indian Institute of Technology Madras (IITM) was established in 1959 by the Government of India as an 'Institute of National Importance.' The activities of the Institute in various fields of Science and Technology are carried out in 18 academic departments and several advanced interdisciplinary research academic centres. The Institute offers undergraduate and postgraduate programmes leading to B.Tech., M.Sc., M.B.A., M.Tech., M.S., and Ph.D. degrees in a variety of specializations. IITM is a residential institute with more than 650 faculty and 10,000 students, with students from 18 countries enrolled. IITM fosters an active entrepreneurial culture with strong curricular support and through the IITM Incubation Cell. In 2023, IIT Madras became the first IIT to establish an international campus, in Zanzibar, Tanzania, called 'IIT Madras Zanzibar.'

IIT Madras Pravartak Technologies Foundation

IITM Pravartak Technologies Foundation is a Section 8 company housing the Technology Innovation Hub on Sensors, Networking, Actuators, and Control Systems (SNACS). It is funded by the Department of Science and Technology, Government of India, under the National Mission on Interdisciplinary Cyber-Physical Systems (NM-ICPS), and is hosted as a Technology Innovation Hub (TIH) by IIT Madras. The NM-ICPS is a comprehensive Mission aimed at complete convergence with all stakeholders by establishing strong linkages between academia, industry, Government, and International Organizations.

Ratan Tata Maharashtra State Skills University (RTMSSU)

Ratan Tata Maharashtra State Skills University (RTMSSU) is a state skills university set up by the Government of Maharashtra to expand vocational and technical skilling, entrepreneurship, and innovation capacity across the state, including through pre-incubation centers established across 60 affiliated colleges.

For media inquiries, please contact:

Himanshu Gonsola
Adfactors PR
E: Himanshu.gonsola@adfactorspr.com
MEDIA CONTACT FOR IIT MADRAS
IIT Madras Media Cell — Email: media.iitmadras@imail.iitm.ac.in / Landline: 044 2257 9785
MEDIA CONTACT FOR RTMSSU
Email – contact@mssu.ac.in | Phone: 8655946646/47

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Vertiv News Release

Vertiv Expands Global Manufacturing Capacity for AI-Ready Data Center Cooling Solutions

• Expansions at the company's Tognana, Italy, technology campus support growing worldwide demand for advanced thermal infrastructure and strengthen Vertiv's cooling innovation capabilities

Vertiv (NYSE: VRT), a global leader in critical digital infrastructure, announced investments at its Tognana campus near Padua, Italy, to expand manufacturing and integrated testing capabilities for data center cooling systems. The company expects the investments to double chiller production capacity in the region by the end of 2026 and plans to complete a new large-scale testing laboratory in early 2027, supporting growing demand for AI and high-density computing infrastructure.

The new laboratory will enable testing of large-scale chillers and validate their integration with liquid cooling systems under high-density load conditions and extreme temperature ranges. The expanded capability is intended to help customers validate thermal performance under expected site conditions and deploy increasingly complex cooling systems with greater speed and confidence.

Vertiv expects to double regional chiller manufacturing capacity with the expansion of its Tognana, Italy facility

"AI is driving thermal demands that didn't exist two years ago, with higher densities, faster deployment demands, and no room to compromise on reliability," said Gio Albertazzi, CEO of Vertiv. "The expansion at Tognana puts us further ahead with more manufacturing capacity, integrated testing, and advanced thermal management systems built for current and future generations of silicon. This investment reinforces our position at the front of the curve."

The campus serves as one of Vertiv's principal centers for cooling technology development, integrating research and development, product management, manufacturing, testing, and customer engagement. The site includes a Customer Experience Center where customers and consultants can participate in witness testing of a broad range of cooling technologies across the thermal chain under real-world operating conditions.

For more information on Vertiv’s leading portfolio of power and thermal management, infrastructure solutions, IT systems, and services for critical digital applications, visit Vertiv.com.

Vertiv Announces New AI-Powered Predictive Maintenance Service for Modern Data Centers and AI Factories

Vertiv (NYSE: VRT), a global leader in critical digital infrastructure, announced the launch of Vertiv™ Next Predict, an AI-powered managed service that fundamentally transforms data center maintenance. Moving beyond traditional time-based and reactive models, the service industrializes operations by analyzing asset behavior before risks materialize. Vertiv Next Predict is the latest advancement in Vertiv’s integrated AI infrastructure portfolio, designed to deliver predictive intelligence across power, cooling, and IT systems—creating a unified, resilient foundation for AI-driven data centers.

As AI workloads reshape the data center landscape, facilities require improved visibility and control across critical infrastructure to maintain operational continuity and performance at scale. Implementing advanced analytics and predictive maintenance strategies helps organizations address these challenges and maintain consistent performance across distributed environments.

“Data center operators need innovative technologies to stay ahead of potential risks, as compute intensity rises and infrastructures evolve,” said Ryan Jarvis, vice president of the global services business unit at Vertiv. “Vertiv Next Predict helps data centers unlock uptime, shifting maintenance from traditional calendar-based routines to a proactive, data-driven strategy. We move from assumptions to informed decisions, by continuously monitoring equipment condition and enabling risk mitigation before potential impacts to operations.”

Vertiv Next Predict leverages AI-based anomaly detection to continuously analyze operating conditions and identify deviations from expected behaviors at an early stage, and a predictive algorithm that assesses potential operational impact to determine risk and prioritize response. Root cause analysis then isolates the contributing factors to support efficient and targeted resolution. Based on system data and the specific operational context, prescriptive actions are defined and carried through to execution, with corrective measures performed by qualified Vertiv™ Services personnel.

Engineered for versatility and future growth, Vertiv™ Next Predict currently supports a broad and expanding range of Vertiv™ power and cooling platforms—including battery energy storage solutions (BESS) and liquid cooling components. More importantly, the service is designed with scalability in mind, to enable seamless integration with future data center technologies as part of a unified, grid-to-chip service architecture. This forward-looking approach means customers can adopt Vertiv Next Predict today, with the knowledge that it can evolve alongside their infrastructure needs.

The Vertiv Services organization has decades of service experience in critical digital infrastructure, a global network of Vertiv-trained technicians, and AI-powered analytics.

For more information about Vertiv Next Predict or Vertiv’s end-to-end power and thermal management solutions—including Vertiv™ OneCore scalable prefabricated data center infrastructure solution, Vertiv™ SmartRun modular overhead IT infrastructure system and Vertiv’s expanding portfolio for AI and high-density workloads—visit Vertiv.com.

Vertiv Taps Generative AI Expertise with Waylay Acquisition Amid Rising Data Center Demands

• Acquisition to strengthen Vertiv’s comprehensive portfolio of digital infrastructure solutions with AI-based infrastructure monitoring, predictive services, and performance optimization

Vertiv Holdings Co (NYSE: VRT), a global leader in critical digital infrastructure, announced it has acquired Waylay NV, a Belgium-based leader in hyperautomation and generative AI software platforms, as part of its continued investment in AI-driven monitoring and control technologies for its power and cooling systems. Vertiv expects this investment to strengthen its ability to enable customers around the world to increase uptime, optimize energy usage, and enhance operational intelligence across their critical digital infrastructure.

As AI workloads continue to drive strong growth in data center demand, the need for intelligent, adaptive infrastructure continues to grow. AI-based digital services for power and cooling systems are essential to support the high-density, high-performance computing environments powering generative AI. These services support real-time monitoring, predictive maintenance, and dynamic optimization of power and thermal performance. With the integration of Waylay’s advanced technology, Vertiv is positioned to deliver these advanced capabilities at scale, helping customers meet the evolving demands of critical digital operations.

“With the addition of Waylay’s technology and software-focused team, Vertiv will accelerate its vision of intelligent infrastructure — data-driven, proactive, and optimized for the world’s most demanding environments,” said Vertiv’s CEO, Giordano Albertazzi. “We are excited about the operational efficiencies and the resilience that Vertiv’s further augmented predictive capabilities can provide for our customers.”

Founded in 2014, Waylay has developed an AI-driven hyperautomation software platform that enables workflow-based automation, system integration, and orchestration across a wide range of connected assets, enterprise applications, and cloud services. Among its capabilities are data analytics and orchestration scenarios that operate with unprecedented speed, significantly cutting the cost of integration and product deployment. The software can analyze real-time machine data, identify operational trends, and propose predictive actions that minimize downtime and improve system performance.

To learn more about Vertiv’s comprehensive, end-to-end portfolio of power, cooling, and IT infrastructure solutions, including integrated racks, power distribution units, uninterruptible power supplies (UPS), thermal management systems, and digitized monitoring and lifecycle services, visit Vertiv.com.

Vertiv (NYSE: VRT) brings together hardware, software, analytics and ongoing services to enable its customers’ vital applications to run continuously, perform optimally and grow with their business needs. Vertiv solves the most important challenges facing today’s data centers, communication networks and commercial and industrial facilities with a portfolio of power, cooling and IT infrastructure solutions and services that extends from the cloud to the edge of the network. Headquartered in Westerville, Ohio, USA, Vertiv does business in more than 130 countries. For more information, and for the latest news and content from Vertiv, visit Vertiv.com.

Vertiv Completes ~ $200M Acquisition of Great Lakes to Boost AI-Ready Infrastructure Solutions

Vertiv Holdings Co (NYSE: VRT), a global provider of critical digital infrastructure, announced the successful completion of its previously reported intent to acquire the Great Lakes Data Racks & Cabinets family of companies ("Great Lakes"), a leading manufacturer of innovative data rack enclosures and integrated infrastructure solutions.

The ~$200 million acquisition expands Vertiv’s rack, cabinet and integration solutions for white space applications.

"We are pleased to officially welcome the Great Lakes team to Vertiv and begin innovating new white space solutions," said Gio Albertazzi, Vertiv’s Chief Executive Officer. "Great Lakes brings exceptional talent and capabilities that will enhance our ability to deliver comprehensive infrastructure solutions, furthering Vertiv’s capabilities to customize at scale and configure at speed for AI and high-density computing environments."

The integration of Great Lakes’ expertise with Vertiv's existing portfolio is expected to deliver significant customer benefits through streamlined infrastructure sourcing, faster deployment through pre-engineered solutions, enhanced operational efficiency with factory integration of Vertiv™ power and cooling solutions, improved scalability for AI and edge computing applications, and comprehensive support through Vertiv's global service network.

Established in 1985 and headquartered in Edinboro, PA, U.S., Great Lakes operates manufacturing and assembly facilities in the U.S. and Europe. Its portfolio includes standard and custom racks, integrated cabinets, seismic cabinets, and enhanced cable management access options for both retrofit and greenfield applications. This addition strengthens Vertiv's end-to-end critical digital infrastructure offerings, enhancing Vertiv’s ability to provide the industry’s most complete set of products and services for critical digital infrastructure needs.

For more information about Vertiv and its portfolio of solutions and services, visit Vertiv.com.

About Vertiv Holdings Co

Vertiv (NYSE: VRT) brings together hardware, software, analytics and ongoing services to enable its customers’ vital applications to run continuously, perform optimally and grow with their business needs. Vertiv solves the most important challenges facing today’s data centers, communication networks and commercial and industrial facilities with a portfolio of power, cooling and IT infrastructure solutions and services that extends from the cloud to the edge of the network. Headquartered in Westerville, Ohio, USA, Vertiv does business in more than 130 countries. For more information, and for the latest news and content from Vertiv, visit Vertiv.com.