Nvent To Acquire Maverick Power
NVT•nVent to acquire Maverick Power
- nVent Electric PLC will acquire Maverick Power for $1.75 billion.
- nVent Electric said the acquisition is expected to be accretive to adjusted EPS in the first year.
- The company said it will fund the acquisition with cash and new debt.
- The deal includes up to $550 million in additional cash consideration based on performance.
