nVent Electric, a global leader in electrical solutions, has recently announced the acquisition of ECM Industries from Sentinel Capital Partners. The acquisition is expected to strengthen nVent’s position in the electrical enclosures market and expand its product portfolio.
ECM Industries is a leading manufacturer of electrical enclosures, fittings, and accessories for commercial and industrial applications. The company has a strong presence in the North American market and has been in business for over 60 years. With this acquisition, nVent will be able to offer a wider range of products to its customers and expand its reach in the electrical enclosures market.
According to Beth Wozniak, nVent’s CEO, “The acquisition of ECM Industries is a strategic move that will enhance our ability to serve customers with a broader range of innovative solutions. We are excited to welcome the ECM team to nVent and look forward to working together to drive growth and create value for our customers.”
The acquisition is expected to be completed by the end of 2021, subject to regulatory approvals and other customary closing conditions. Financial terms of the deal have not been disclosed.
This acquisition is part of nVent’s strategy to expand its product portfolio and strengthen its position in key markets. The company has been investing in research and development to develop new products and technologies that meet the evolving needs of its customers.
nVent Electric was formed in 2018 as a spin-off from Pentair, a global water treatment company. The company has a presence in over 100 countries and offers a wide range of electrical solutions, including enclosures, heat management systems, and cable management products.
In conclusion, the acquisition of ECM Industries by nVent Electric is a strategic move that will strengthen the company’s position in the electrical enclosures market and expand its product portfolio. With this acquisition, nVent will be able to offer a wider range of products to its customers and enhance its ability to serve them with innovative solutions. The acquisition is expected to be completed by the end of 2021, subject to regulatory approvals and other customary closing conditions.
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- Source: https://zephyrnet.com/sentinel-sells-ecm-industries-to-nvent-electric/
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