Vertiv Holdings acquires E&I Engineering Group ...United Arab Emirates

Vertiv Holdings Co (Vertiv), a global provider of critical digital infrastructure and continuity solutions, has announced that through its subsidiaries, it has entered into a definitive agreement to acquire E&I Engineering Ireland Limited and its affiliate, Powerbar Gulf LLC (“E&I”) for approximately $1.8 billion in upfront consideration plus the potential for up to $200 million in cash, based on achieving certain 2022 profit milestones. In a statement, Vertiv said that the upfront consideration consists of $1,170 million in cash and approximately $630 million of Vertiv common stock. The transaction has been unanimously approved by Vertiv’s Board of Directors and is expected to close in the

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