nVent completed the acquisition of Eldon for $128m.

nVent Electric, a global provider of electrical connection and protection solutions, completed the acquisition of Eldon, a privately held European-based enclosures business, for $128m. “Eldon’s vision is to become a global enclosure manufacturer and serve customers throughout all continents. Achieving such a challenging vision on our own would have been possible but would have taken quite some time. By joining forces with nVent, we will realize our vision much faster. Together we can speed up research and development, drive digitalization efforts and offer an extensive product portfolio,” Alexander van der Weide, Eldon CRO.