- Further strengthens nVent’s position in high-growth infrastructure vertical, including power utilities, data centers and renewables
- Builds on nVent’s control buildings platform while expanding offerings and capabilities in new applications
nVent Electric plc (NYSE: NVT) (“nVent”), a global leader in electrical connection and protection solutions, today announced that it has completed the previously announced acquisition of the enclosures, switchgear and bus systems businesses of Avail Infrastructure Solutions (“Electrical Products Group”) for a purchase price of $975 million, funded by cash on hand, subject to customary adjustments. The Electrical Products Group is a leading provider of infrastructure solutions, designed to help ensure safe and reliable electrical operations primarily in the infrastructure vertical, including power utilities, data centers and renewables.
“As we continue to transform our portfolio to become a more focused, higher growth electrical company, we are excited to welcome the Electrical Products Group team to nVent,” said nVent Chair and CEO Beth Wozniak. “With electrical demand increasing steadily over the next several decades, the need for safe and resilient grid solutions is accelerating. This acquisition strengthens nVent’s portfolio in the high-growth infrastructure vertical.”
The Electrical Products Group is a leading North American provider of electrical infrastructure solutions with approximately 1,100 employees and nine manufacturing locations in the United States. nVent plans to operate the Electrical Products Group predominantly within the Systems Protection business segment. The acquisition builds on the Trachte control buildings platform acquisition last year.
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