# Vertiv completes acquisition of UtilityInnovation Group for ~$1.45B

Vertiv has completed the acquisition of UtilityInnovation Group (UIG) for approximately $1.45 billion, expanding its portfolio with microgrid controls and on-site generation orchestration for data centers.

- Type: Acquisition
- Announced: 2022-07-28
- Where: United States
- Value: $1.45B
- Status: completed
- Products: microgrid controls, on-site generation orchestration, microgrid-specific switchgear, behind-the-meter power architecture
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Vertiv](https://endata.com/companies/14494.md) (acquirer)
- [UtilityInnovation Group](https://endata.com/companies/64416.md) (target)

## Sources

- [uig.com](https://uig.com/news), 2022-07-28: "Vertiv Holdings Co. today announced its wholly-owned subsidiary, Vertiv Corporation, has entered into an agreement and plan of merger to acquire Utility Innovation Holdings, Inc."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.