nVent Electric to acquire electrical products group business from Avail Infrastructure Solutions for $975m.

nVent Electric, a provider of electrical connection and protection solutions, agreed to acquire electrical products group business from Avail Infrastructure Solutions, a provider of application-critical equipment, highly engineered technologies, and specialized services, for $975m. We are excited to acquire the Electrical Products Group of Avail. The demand for control buildings, switchgear and bus systems is expected to increase with the modernization of aging electrical infrastructure, expanding electrical capacity to meet power demand and the growth of data centers. The Electrical Products Group has long-standing customer relationships with power utilities, data centers, OEMs and EPCs and a significant installed base across the United States. This acquisition builds on the platform we acquired with the Trachte acquisition and expands our offering and capabilities,” nVent, Beth Wozniak Chair and CEO.