Vertiv makes up to $2B acquisition, its first since going public pre-pandemic

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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.

Click here to read the complete story.

Story excerpt provided by Columbus Business First.

Written by Carrie Ghose.

Originally published September 8, 2021.

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