Brookfield completed the acquisition of thermal management business from nVent for $1.7bn.

Brookfield, a private equity firm, completed the acquisition of thermal management business from nVent, a global provider of electrical connection and protection solutions, for $1.7bn. Financial terms were not disclosed. “Today marks a significant step in transforming our portfolio with the sale of the Thermal Management business and becoming a higher growth and more focused electrical connection and protection leader. I would like to thank the Thermal Management employees for their many contributions and look forward to watching the business continue to grow and perform,” Beth Wozniak, nVent Chair and CEO.