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Vertiv to Acquire the E&I Engineering Group

Updated: Jul 8, 2022

Strategic Transaction Significantly Expands Vertiv’s Offering; Vertiv Also Updates Business Conditions.

COLUMBUS, Ohio – 8th September, 2021

Vertiv Holdings Co, a global provider of critical digital infrastructure and continuity solutions, today 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. 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 fourth quarter of 2021, subject to customary closing conditions.Key points around this partnership include:

  • Vertiv has meaningfully completed its data center offering by adding a leading independent provider of switchgear, busway and modular power solutions;

  • The acquisition expands Vertiv’s addressable market by $7 billion, entering an attractive global market growing at mid-single digits;

  • The acquisition is expected to be accretive to Vertiv’s organic growth, adjusted operating margins, cash flow and adjusted EPS; and

  • Core Vertiv business continues to see robust order and backlog growth but supply chain disruptions have accelerated; updating guidance to reflect latest market conditions.

About Vertiv Holdings Co

Vertiv (NYSE: VRT) brings together hardware, software, analytics and ongoing services to ensure its customers’ vital applications run continuously, perform optimally and grow with their business needs. Vertiv solves the most important challenges facing today’s data centers, communication networks and commercial and industrial facilities with a portfolio of power, cooling and IT infrastructure solutions and services that extends from the cloud to the edge of the network. Headquartered in Columbus, Ohio, USA, Vertiv employs approximately 20,000 people and does business in more than 130 countries. For more information, and for the latest news and content from Vertiv, visit

About the E&I Engineering Group

The E&I Engineering group is a global provider of electrical switchgear and power distribution solutions with a proven track record for quality, technical expertise and customer service. With manufacturing facilities in Ireland, USA and United Arab Emirates, E&I can design, deliver and install on a global scale. E&I is globally recognized as a leader within the power distribution industry. An extensive product range, specialist technical services and a resolute focus on customer service delivers an unparalleled service that provides peace of mind for all customers. All of its products are manufactured in-house ensuring that all are of the required specification and are commercially viable and fit for purpose.

For further information, please find the press release here. Should you have any questions or require any additional details, please contact: Emily Moggridge

Senior Account Executive MWW T: +447718 610 986 E: W:





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