nVent Electric completed the acquisition of the electrical products group business from Avail Infrastructure Solutions for $975m.

nVent Electric, a provider of electrical connection and protection solutions, completed the acquisition of the electrical products group business from Avail Infrastructure Solutions, a provider of application-critical equipment, highly engineered technologies, and specialized services, for $975m. “As we continue to transform our portfolio to become a more focused, higher growth electrical company, we are excited to welcome the Electrical Products Group team to nVent. With electrical demand increasing steadily over the next several decades, the need for safe and resilient grid solutions is accelerating. This acquisition strengthens nVent’s portfolio in the high-growth infrastructure vertical,” Beth Wozniak, nVent Chair and CEO.