nVent to acquire Maverick Power for $1.75 billion
NVT nVent Electric plc
$151.98 -1.50%
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- 1nVent Electric (NVT) is acquiring data-center equipment maker Maverick Power for $1.75 billion
- 2The deal includes up to $550 million in contingent payments tied to 2027 and 2028 performance targets and is expected to close in the fourth quarter
- 3The acquisition targets expansion of the AI infrastructure market, adding power distribution capabilities and strengthening the company's data-center customer offerings
This 3-line summary is compiled from the report below.
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