E&I Engineering acquired by Vertiv in deal worth up to $2bn

US giant will pay $1.8bn up front for the Donegal firm, rising to a potential $2 billion, subject to 2022 profit targets being met

8th September, 2021
E&I Engineering acquired by Vertiv in deal worth up to $2bn
Philip O’Doherty, the E&I chief executive, founded the company in 1986. Picture: Declan Doherty

E&I Engineering, the Donegal firm, has been acquired by US giant Vertiv in a deal worth up to $2 billion.

In a deal announced this morning, Vertiv, an Ohio-based provider of equipment and services for data centers, has agreed to pay $1.8 billion up front rising to a potential $2 billion, subject to 2022 profit targets being met.

Philip O’Doherty, the E&I chief executive and chairman of Derry City Football Club, founded the Burnfoot-based engineering firm in...

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