nVent Electric (NVT) Completes Acquisition of Trachte
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nVent Completes Acquisition of Trachte
July 16, 2024 4:15 PM EDTStrengthens nVents position with the electrification of everything in high-growth verticals, including power utilities, data centers and renewables Presents a new platform to provide broader solutions for customers
LONDON--(BUSINESS WIRE)-- 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 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... More
