nVent Electric agrees to acquire Maverick Power for $1.75 billion, with up to $550M in additional performance-based cash.
nVent Electric plc (NVT) will acquire Maverick Power in a $1.75 billion cash transaction, subject to standard adjustments. The deal includes potential additional consideration of up to $550 million tied to performance milestones.
The purchase price reflects a strategic move to expand NVT’s portfolio in the power solutions sector. No prior consensus or comparable deals were disclosed, though industry analysts note growing consolidation in the energy infrastructure space.
Shares of NVT remained stable following the announcement, with no immediate market reaction reported.