Vertiv Holdings Co (VRT) announced a definitive agreement to acquire Purge Rite Intermediate, LLC (PurgeRite), a provider of specialized mechanical flushing and filtration services for mission-critical and AI-driven data centers. This strategic acquisition aims to solidify Vertiv’s leadership in next-generation thermal chain services.
Transaction Details: The acquisition involves an upfront cash consideration of approximately $1.0 Billion, subject to standard working capital, closing cash, indebtedness, and transaction expense adjustments. An additional contingent payment, or
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