nVent Electric plc (NVT) has entered into a definitive agreement to acquire the parent of Trachte, LLC for a purchase price of $695 million. Trachte is a manufacturer of custom-engineered control building solutions designed to protect critical infrastructure assets. nVent expects the acquisition to be accretive to adjusted earnings per share in the first year following completion.
Trachte is headquartered in Madison, Wisconsin. It estimates 2024 revenues to be approximately $250 million. Upon closing, nVent plans to operate Trachte within its Enclosures segment.
For comments and feedback contact: editorial@rttnews.com
Business News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.