Vertiv to acquire E&I Engineering Group for $2bn.

Vertiv, a global provider of critical digital infrastructure and continuity solutions, agreed to acquire E&I Engineering Group, a firm that designs and manufactures low voltage switchboards, for $2bn. The transaction is expected to close in the fourth quarter of 2021, subject to customary closing conditions. "The acquisition of E&I represents a key milestone in Vertiv’s strategy, completing our portfolio of in-building power train offerings for data centers and vital commercial and industrial markets. The combination will amplify Vertiv’s growth opportunities and profitability, while enabling Vertiv to deliver differentiated solutions that manage a customer’s entire power infrastructure as an integrated system. We look forward to adding E&I’s highly skilled team members to the Vertiv family. Our companies share a strong culture of engineering excellence and innovation and a passion for serving our customers with differentiated products and service," Rob Johnson, Vertiv CEO.