Brief: nVent to Acquire Trachte

nVent Electric

06/06/2024 11:42

June 6 (Reuters) - nVent Electric PLC  NVT.N :
    * NVENT TO ACQUIRE TRACHTE
    * NVENT ELECTRIC PLC: EXPECT TRANSACTION TO BE ACCRETIVE TO
ADJUSTED EPS IN FIRST YEAR AFTER COMPLETING TRANSACTION
    * NVENT TO ACQUIRE TRACHTE FOR $695 MILLION
    * NVENT ELECTRIC PLC - TRACHTE ESTIMATES 2024 REVENUES TO BE
APPROXIMATELY $250 MILLION.
    * NVENT ELECTRIC PLC: EXPECTS TO FUND ACQUISITION WITH A
COMBINATION OF AVAILABLE CASH ON HAND AND NEW DEBT
    * NVENT ELECTRIC PLC - UPON CLOSING OF THIS TRANSACTION,
NVENT
PLANS TO OPERATE TRACHTE WITHIN ITS ENCLOSURES SEGMENT

Source text for Eikon:  ID:nBw2yw6rQa 
Further company coverage:  NVT.N 

 ((Reuters.Briefs@thomsonreuters.com;))