A global electrical infrastructure company with major twin city operations, Electric announced its intention to spend nearly a billion dollars to acquire the group of electrical products from Georgia Infrastructure solutions available.
Based in London but with management offices in St. Louis Park, NVvent continues to rely on the trend of everything electrification and the growth of data centers.
“The demand for control buildings, switching equipment and bus systems should increase with the modernization of aging electrical infrastructure, expanding the electrical capacity to meet the demand for electricity and the growth of data centers, “said Beth Wozniak, president and managing director of NVvent, in a press release.
$ 975 million The acquisition will add 1,100 employees to the 12,100 employees that the NVER has worldwide and will contribute around $ 375 million in annual income.
Infrastructure solutions available are a private company based in Suwanee, Georgia, and its Electric Products Group provides a wide range of products and solutions that provide safe and reliable operation of electrical operations in data centers and public electrical services.
The agreement should conclude in the first half of 2025; NVENT expects to use money available at the checkout to conclude the agreement.
This is the latest Big Dollar agreement from NVVE, because Wozniak has strengthened the company put by the company on the global trend in the replacement of fossil fuel in transport and in construction and manufacturing operations, which will result in greater pressure on the electricity network without new infrastructure.
After having sold its thermal management activity in August for $ 1.7 billion, Nove has the money available. Several months earlier, NVVE has acquired Business Trachte electric control buildings for $ 695 million and in May 2023, it completed the acquisition of ECM Industries, a supplier of electrical connectivity solutions, for $ 1.1 billion.