nVent Electric plc, a global leader in electrical connection and protection solutions, today announced that it has completed the previously announced acquisition of the parent of Trachte, LLC for a purchase price of $695 million, subject to customary adjustments. Trachte is a leading manufacturer of custom-engineered control building solutions designed to protect critical electrical infrastructure assets.
nVent Chair and CEO Beth Wozniak said, “I am excited to welcome the Trachte team to nVent. Trachte expands our enclosures portfolio with a new platform and enhances our systems protection capability, further strengthening our position with the electrification of everything. The addition of Trachte will better position us to serve customers with a broader solutions offering, with our combined expertise and capabilities.”
Trachte, headquartered in Madison, Wisconsin, has an established history of providing control building solutions and employs more than 500 people.
About nVent
nVent is a leading global provider of electrical connection and protection solutions. We believe our inventive electrical solutions enable safer systems and ensure a more secure world. We design, manufacture, market, install and service high performance products and solutions that connect and protect some of the world's most sensitive equipment, buildings and critical processes.
Our robust portfolio of leading electrical product brands dates back more than 100 years and includes nVent CADDY, ERICO, HOFFMAN, ILSCO, RAYCHEM and SCHROFF.
