BRIEF-Vertiv To Buy Fluid Management Services Provider PurgeRite For Nearly $1 Billion

Reuters
Nov 03
BRIEF-Vertiv To Buy Fluid Management Services Provider PurgeRite For Nearly $1 Billion

Nov 3 (Reuters) - Vertiv Holdings Co VRT.N:

  • VERTIV ANNOUNCES INTENT TO ACQUIRE PURGERITE, A LEADING PROVIDER OF SPECIALIZED FLUID MANAGEMENT SERVICES, TO EXPAND LIQUID COOLING SERVICES PORTFOLIO

  • VERTIV HOLDINGS CO - ACQUISITION VALUED AT $1.0 BILLION WITH POTENTIAL $250 MILLION EARN-OUT

  • VERTIV HOLDINGS CO: ACQUISITION IS ANTICIPATED TO BE MARGIN ACCRETIVE TO VERTIV'S SERVICES BUSINESS

Source text: ID:nPn6s0HRPa

Further company coverage: VRT.N

((Reuters.Briefs@thomsonreuters.com;))

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