🟢 Vertiv is trading 10.43% up in pre-market as acquisition adds microgrid and power-control capabilities

Vertiv is trading at $230.32, up 10.43% in pre-market after completing its approximately $1.45 billion UtilityInnovation Group acquisition.

• Completed October 27, the deal adds microgrid and advanced power-control capabilities for data centers; up to $1.15 billion in further payments depend on EBITDA targets.
• Vertiv expects the acquisition to be accretive to adjusted EPS in its first year.
• Q3 results were scheduled before the market open on October 28; search results did not confirm reported results.