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nVent Completes Acquisition of CIS Global Business

1. Juli 2021

  • Acquisition strengthens nVent’s global offering in data centers and networking solutions
  • Expands capabilities in advanced technologies in power management with the addition of intelligent rack power distribution and server slides
  • Enhances nVent’s positioning with the electrification of everything megatrends

LONDON--(BUSINESS WIRE)-- nVent Electric plc (NYSE: NVT) (“nVent”), a global leader in electrical connection and protection solutions, today announced it has completed the previously announced acquisition of CIS Global, a leading provider of intelligent rack power distribution and server slides products. CIS Global was acquired for a cash purchase price of approximately $200 million, subject to customary adjustments, and had more than $80 million in sales in 2020.

“The increasing demand for electrifying the world around us is sparking a dramatic increase in the need for protecting, powering and managing heat in large data centers and edge computing applications,” said nVent Enclosures President Joe Ruzynski. “With CIS Global’s innovative solutions in intelligent rack power distribution and proven capabilities in server slides, we will accelerate our growth plan centered around electrification, which includes providing leading technologies in heat and power management for data center and networking applications.”

“We are excited to join the nVent family. nVent has a strong vision and approach to business that closely aligns with our core values around customers, innovation and people,” said CIS Global Business President Shubhayu Chakraborty. “Our portfolio is complementary to nVent’s, which when combined, allows us to bring a greater breadth of solutions to our customers and expands our value proposition to a broader base through an extended global reach.”

Über nVent

nVent ist ein weltweit führender Anbieter von elektrischen Verbindungs- und Schutzlösungen. Wir glauben, dass unsere innovativen elektrischen Lösungen sicherere Systeme ermöglichen und eine sicherere Welt gewährleisten. Wir entwickeln, fertigen, vermarkten, installieren und warten leistungsstarke Produkte und Lösungen, die einige der empfindlichsten Geräte, Gebäude und kritischen Prozesse auf der Welt verbinden und schützen. Unsere branchenführenden Marken, die weltweit für Qualität, Zuverlässigkeit und Innovationen bekannt sind, bieten eine umfangreiche Palette an Gehäusen, elektrischen Verbindungen sowie Befestigungs- und Wärmemanagementlösungen. Unsere Hauptniederlassung befindet sich in London und unser Managementbüro in den USA in Minneapolis. Mit unserem soliden Portfolio führender Marken für Elektroprodukte, das nVent CADDY, ERICO, HOFFMAN, RAYCHEM, SCHROFF und TRACER umfasst, können wir auf eine über 100-jährige Geschichte zurückblicken. Learn more at www.nvent.com.

nVent, CADDY, ERICO, HOFFMAN, RAYCHEM, SCHROFF und TRACER sind Marken, die Eigentum der nVent Services GmbH oder ihrer Tochtergesellschaften sind oder von diesen lizenziert werden.

All statements made about the anticipated benefits of the acquisition, are forward-looking statements subject to risks and uncertainties, such as the company’s ability to integrate the acquisition successfully and other risk factors contained in our filings with the Securities and Exchange Commission, including our Annual Report on Form 10-K for the year ended 31. Dezember 2020, which could cause actual results to differ materially from those expressed by such forward-looking statements.

View source version on businesswire.comhttps://www.businesswire.com/news/home/20210701005148/en/

Investor Contact
J.C. Weigelt
Vice President, Investor Relations
nVent
763.204.7750
[email protected]

Media Contact
Aaron Craig
Marketing Director
nVent
612.244.7961
[email protected]

Quelle: nVent Electric plc

 

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