nVent Electric PLC

NVT: XNYS (USA)
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NVent: Maverick Purchase Complements Portfolio and Bought at Attractive Price; Fair Value up 4%

NVent announced it's buying Maverick Power for $1.75 billion, with additional consideration of $550 million in cash based on certain performance metrics in 2027 and 2028. It expects to close the acquisition in the fourth quarter of 2026.

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