nVent Electric Agrees To Acquire The Enclosures, Switchgear And Bus Systems Businesses Of Avail Infrastructure Solutions For $975M, Subject To Customary Adjustments

nVent Electric plc

nVent Electric plc

NVT

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Electrical Products Group estimates revenues of approximately $375 million in the 12 months ending February 28, 2025, and has a strong backlog.

nVent expects the acquisition to be accretive to adjusted earnings per share in the first year following completion of the transaction. The effective enterprise value multiple is approximately 12.5 times the anticipated Electrical Products Group trailing twelve-month EBITDA.
 

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