Vertiv Holdings Co. has made its first acquisition since going public in early 2020: an Irish maker of electrical switches and power distribution systems that widens the market for the data center equipper.
The Columbus company is buying E&I Engineering Ireland Ltd. and affiliate Powerbar Gulf LLC for up to $2 billion: $1.17 billion cash and stock valued at $630 million up front, and up to $200 million more if the division hits profit goals in 2022.
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Story excerpt provided by Columbus Business First.
Written by Carrie Ghose.
Originally published September 8, 2021.