Brookfield to acquire the thermal management business of nVent for $1.7bn.

Brookfield, an investment management company, agreed to acquire the thermal management business of nVent, an electrical connection and protection solutions provider, for $1.7bn. “Thermal Management is a leader in electric heat management solutions with a strong, experienced team that is focused on delivering innovative solutions to customers. Consistent with our strategy, the sale represents a significant step to nVent becoming a higher growth and more focused electrical connection and protection leader, well positioned with the megatrends of electrification, sustainability and digitalization,” Beth Wozniak, nVent Chairman and CEO.