nVent Electric (NVT) Completes Acquisition of Trachte

nVent Electric plc (NYSE: NVT) today announced that it has completed the previously announced acquisition of the parent of Trachte, LLC for a purchase price of $695 million, subject to customary adjustments. Trachte is a leading manufacturer of custom-engineered control building solutions designed to protect critical electrical infrastructure assets.

nVent Chair and CEO Beth Wozniak said, “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. The addition of Trachte will better position us to serve customers with a broader solutions offering, with our combined expertise and capabilities.”

Trachte, headquartered in Madison, Wisconsin, has an established history of providing control building solutions and employs more than 500 people.

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