nVent Electric plc to acquire Trachte, LLC to expand its enclosures portfolio and enhance system protection capability
Acquiring Company
nVent Electric plc
Acquired Company
Trachte
Saint Louis ParkOregonManufacturingSecurityManufacturingDescription
nVent Electric plc announced a definitive agreement to acquire the parent of Trachte, LLC for a purchase price of $695 million. This acquisition is expected to strengthen nVent's solutions in high-growth verticals, including power utilities, data centers, and renewables, providing a platform to accelerate growth and provide broader solutions for customers.
Quick answer
nVent Electric plc is acquiring Trachte, announced June 6, 2024. nVent Electric plc is based in Saint Louis Park, Minnesota, United States.
- How much did nVent Electric plc pay for Trachte?
- The deal value was not disclosed.
- What does nVent Electric plc do?
- nVent is a leading global provider of electrical connection and protection solutions, offering a comprehensive range of enclosures, electrical connections, fastening, and thermal management solutions under..
- Where are nVent Electric plc and Trachte based?
- nVent Electric plc is based in Saint Louis Park, Minnesota, United States. Trachte is based in Oregon, Wisconsin, United States.
- Who are the decision-makers at nVent Electric plc?
- Fundz holds 1 contact at nVent Electric plc. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Other recent acquisitions in Security and Manufacturing
Deals where the buyer or target shares a sector with this one, within 45 days, from Fundz verified event records.
- KARAM Safety completes acquisition of Midas Safety India to strengthen its leadership position in the PPE industry (May 3, 2024)
- nVent Electric plc completes acquisition of Trachte, LLC to enhance systems protection capability (July 16, 2024)
- Quanex Building Products Corporation completes acquisition of Tyman plc for comprehensive solutions (July 12, 2024)
- Honeywell to acquire Air Products' LNG process technology and equipment business (July 10, 2024)
- Revelation Pharma expands with acquisitions of Taylors Pharmacy and Key Compounding (July 9, 2024)
- Honeywell finalizes acquisition of CAES Systems Holdings LLC to advance defense technologies (June 20, 2024)
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Frequently asked
Who acquired Trachte?
Trachte was acquired by nVent Electric plc, based in Saint Louis Park. The deal was reported on June 6, 2024. nVent Electric plc is publicly traded (NVT) and operates in Manufacturing.
When did nVent Electric plc acquire Trachte?
nVent Electric plc's acquisition of Trachte was reported on June 6, 2024. nVent Electric plc announced a definitive agreement to acquire the parent of Trachte, LLC for a purchase price of $695 million. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Trachte do?
Trachte is a leading provider of easy-deployment application-engineered protection and control buildings. It is privately held, operating in Manufacturing, and is based in Oregon.
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