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Vertiv acquired E+I Engineering, a global provider of electrical switchgear and power distribution solutions, for a valuation between $1.8B and $2B.
Vertiv Holdings Co has agreed to acquire E&I Engineering Ireland Limited and Powerbar Gulf LLC for approximately $1.8 billion in upfront consideration, plus up to $200 million in earn-out. The deal is expected to close in Q4 2021.
Vertiv announced a definitive agreement to acquire E&I Engineering Ireland Limited and its affiliate Powerbar Gulf LLC for approximately $1.8 billion in upfront consideration plus up to $200 million in earn-out, expanding its data center power solutions.