nVent Completes Acquisition of Maverick Power
nVent Electric plc announced it has completed its previously announced acquisition of Maverick Power, a manufacturer of engineered power distribution and infrastructure solutions for data centers, for a purchase price of $1.75 billion subject to customary adjustments. The deal also includes potential additional cash consideration of up to $550 million based on achieving certain performance metrics in 2027 and 2028.
Why it matters — The completion of this acquisition expands nVent's footprint in the growing data-center power distribution market, broadening its product and service offerings in a high-demand segment.