Latest nVent News & Updates

See the latest news and media coverage for nVent. We track all announcements, press releases, and industry mentions in real time, all in one place.

nVent

Provider of electrical connection and protection solutions

nvent.com

Headquarters: St Louis Park, United States
Company type: Public company
Number of employees: 10,000+
Industry: Electronic Equipment & Parts

Last updated Today

Latest news about nVent

In short: nVent acquired Maverick Power for $2.3 billion and reported record sales driven by growing demand for AI data center infrastructure.

Company announcements

Yesterday nVent

nVent prices $800 million senior notes offering for Maverick Power acquisition

The funds finance the $1.75 billion acquisition of Maverick Power and general corporate purposes.

August 24 nVent

nVent announces its intent to acquire Maverick Power

The deal expands nVent's data center portfolio by adding power distribution platforms and advanced system-level infrastructure solutions.

July 31 nVent

nVent reinvests in business and returns cash to shareholders

Full-year capex is ~$130 million, up 40%, and the company returned $118 million in cash to shareholders in 1H.

July 31 nVent

nVent delivered record quarterly sales and adjusted EPS

Sales rose 53% to $1.5B, adjusted EPS up 69% to $1.45, raising full-year guidance

Media coverage

Yesterday Seeking Alpha

nVent Prices $800M Senior Notes to Fund Maverick Deal

nVent Electric prices an $800 million senior notes offering and plans new loans to fund its $1.75 billion acquisition of Maverick Power.

September 8 Quiver Quantitative

NVT rises as investors weigh strong data-center momentum, higher guidance, and recent deal activity

nVent also announced a deal to acquire Maverick Power for $1.75 billion plus possible additional consideration, a transaction ...

August 24 Morningstar

NVent Continues Strong Acquisition Streak With the Purchase of Maverick Power

NVent is a leading global provider of electrical connection and protection solutions, such as electrical enclosures and fastening solutions.

August 24 Bloomberg

AI Data Center Growth Drives NVent’s $1.75 Billion Maverick Power Acquisition - Bloomberg

NVent Electric Plc agreed to buy power distribution company Maverick Power for $1.75 billion as the company looks to boost exposure to surging AI data...

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