nVent acquires Trachte for $695 million By Investing.com

LONDON – nVent Electric plc (NYSE: NYSE:), a global provider of electrical connection and protection solutions, announced the completion of its acquisition of the parent company of Trachte, LLC, a leader in custom-engineered control building solutions. The transaction, valued at $695 million, subject to customary adjustments, aims to expand nVent’s enclosures portfolio and enhance its systems protection capabilities.

The acquisition, which was initially announced without a specified date, has now been finalized, positioning nVent to leverage Trachte’s expertise in protecting critical electrical infrastructure assets. Trachte, based in Madison, Wisconsin, employs over 500 people and is recognized for its control building solutions.

Beth Wozniak, nVent’s Chair and CEO, expressed enthusiasm about the acquisition, stating, “I am excited to welcome the Trachte team to nVent. Trachte expands our enclosures portfolio with a new platform and enhances our systems protection capability, further strengthening our position with the electrification of everything.” She added that the addition of Trachte allows nVent to offer a broader range of solutions to customers, combining the strengths and capabilities of both companies.

nVent, headquartered in London with a management office in Minneapolis, operates globally, providing a diverse array of products and services that connect and protect electrical equipment, buildings, and critical processes. The company’s brand portfolio includes recognized names such as nVent CADDY, ERICO, HOFFMAN, ILSCO, RAYCHEM, and SCHROFF.

This acquisition is seen as a strategic move by nVent to solidify its standing in high-growth verticals such as power utilities, data centers, and renewables, sectors that are pivotal in the ongoing global shift towards electrification.

The press release also contains forward-looking statements regarding the anticipated benefits of the Trachte acquisition. However, nVent notes that these statements are not guarantees of future performance and are subject to various risks and uncertainties.

Investors and stakeholders are advised that the information regarding the acquisition is based on a press release statement issued by nVent.

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