Welcome to our dedicated page for Nvent Electric news (Ticker: NVT), a resource for investors and traders seeking the latest updates and insights on Nvent Electric stock.
nVent Electric (NVT) provides essential electrical connection and protection solutions for industrial, commercial, and infrastructure markets worldwide. This news hub offers investors and industry professionals timely updates about strategic developments shaping the company’s leadership in secure electrical systems.
Access curated press releases and analysis covering quarterly earnings, acquisition announcements like the Trachte integration, and product innovations in enclosures and fastening solutions. Our repository helps stakeholders track operational milestones and market positioning through verified updates from primary sources.
Discover updates on nVent’s data-driven strategies for critical infrastructure projects, safety certifications, and global expansion efforts. All content is maintained to meet rigorous journalistic standards, ensuring relevance for both technical experts and general investors.
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nVent Electric plc (NYSE: NVT), a global leader in electrical connection and protection solutions, has announced it will release its second quarter 2024 financial results on Tuesday, August 6, 2024. The company will host a conference call with analysts and investors at 9:00 a.m. ET on the same day. Financial results will be posted on the company's investor website, and an alert will be issued when the materials are publicly available.
Interested parties can access the conference call via webcast on the investor website or by dialing specific numbers. A replay of the call will be accessible through August 20, 2024. Related presentation materials will be posted on the investor website prior to the conference call.
Palladium Equity Partners has completed the sale of its majority stake in Trachte, to nVent Electric plc (NYSE: NVT) for $695 million. Trachte is a leading provider of engineered protection and control buildings for mission-critical applications. Palladium, a middle market private equity firm focusing on transforming family and founder-owned businesses, acquired its majority stake in Trachte in 2020.
Daniel Ilundain, Partner and Co-Head of Flagship Funds of Palladium, and Scott Kirschner, a Principal, expressed satisfaction with the investment outcome, highlighting it as an example of Palladium's ability to create value and elevate businesses to the next level.
nVent Electric plc (NYSE: NVT) has completed the acquisition of Trachte, for $695 million, subject to customary adjustments. Trachte, a leading manufacturer of custom-engineered control building solutions, strengthens nVent's position in high-growth verticals such as power utilities, data centers, and renewables. This acquisition expands nVent's enclosures portfolio and enhances its systems protection capability, aligning with the trend of electrification.
Beth Wozniak, nVent's Chair and CEO, expressed excitement about welcoming the Trachte team and highlighted the acquisition's potential to broaden nVent's solutions offering through combined expertise and capabilities. Trachte, headquartered in Madison, Wisconsin, has an established history in providing control building solutions and employs over 500 people.
Palladium Equity Partners has agreed to sell its majority stake in Trachte to nVent Electric for $695 million. Trachte, known for its highly engineered protection and control buildings, plays a important role for electric utilities, data centers, and commercial and industrial clients. Palladium acquired Trachte in 2020 and facilitated significant growth and market positioning during their partnership. This acquisition by nVent is expected to further enhance Trachte’s capabilities and market reach. Financial advisors Harris Williams and Baird, along with legal advisor Morrison & Foerster, facilitated the transaction.
nVent Electric (NYSE: NVT) announced a definitive agreement to acquire the parent of Trachte for $695 million, subject to adjustments. Trachte, a manufacturer of custom-engineered control building solutions, will enhance nVent’s enclosures portfolio and system protection capability. This acquisition is expected to bolster nVent’s market position in high-growth sectors such as power utilities, data centers, and renewables. Trachte forecasts 2024 revenues of approximately $250 million. The acquisition is expected to be accretive to nVent’s adjusted earnings per share in the first year post-transaction, with an effective enterprise value multiple of ~12x anticipated 2024 adjusted EBITDA. The deal is set to close in Q3 2024, pending regulatory approval.
nVent Electric plc (NYSE:NVT), a global leader in electrical connection and protection solutions, has announced its participation in the William Blair Growth Stock Conference.
The event will take place on Tuesday, June 4, 2024, and will feature a presentation by CEO Beth Wozniak at 12:00 p.m. CT.
Interested parties can access a webcast of the presentation via nVent’s Investor Relations website.
nVent Electric, a global leader in electrical connection and protection solutions, announced that its Board of Directors has approved a new 3-year share repurchase program. This program allows nVent to buy back up to $500 million of its shares, commencing on July 23, 2024, after the expiration of its current repurchase program. As of March 31, 2024, nVent had approximately 166 million common shares outstanding. The authorization does not obligate the company to repurchase shares and may be executed through various methods, including open market purchases and block trades, in compliance with SEC regulations.
nVent Electric announced a regular quarterly cash dividend of $0.19 per ordinary share. The dividend will be paid on August 2, 2024, to shareholders who are on record as of the close of business on July 19, 2024.
nVent Electric plc (NYSE:NVT) announced its participation in the Wolfe Global Transportation & Industrials Conference on May 21, 2024. Chief Financial Officer Sara Zawoyski will present at 11:45 a.m. ET. A webcast will be available on nVent’s Investor Relations website.
nVent Electric plc (NYSE:NVT), a global leader in electrical connection and protection solutions, released its first quarter 2024 financial results. The earnings release is available on the company's Investor Relations website and will be filed with the SEC on Form 8-K. A conference call with analysts and investors will be held at 9:00 a.m. ET.
