nVent, a provider of electrical connection and protection solutions, agreed to acquire Trachte, a provider of easy-deployment application-engineered protection and control buildings, from Palladium Equity Partners, a private equity firm, for $695m. “Trachte will expand our enclosures portfolio in new applications and enhance our system protection capability. It further strengthens our solutions in high-growth verticals, including power utilities, data centers and renewables. With the macro trends of modernizing and upgrading electrical infrastructure as well as the expansion of data centers, Trachte provides us with a platform to accelerate our growth and provide broader solutions for customers. We look forward to welcoming the Trachte team to nVent, and together helping to build a more sustainable and electrified world,” Beth Wozniak, nVent Chair and CEO.