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nVent to Acquire Data Centre Power Solutions Provider CIS Global for USD 200m
Thursday 10 June 2021

London-based electrical connection and protection solutions provider nVent Electric plc (NYSE: NVT) has agreed to acquire Arizona-based data centre power solutions provider CIS Global LLC, for USD 200m in cash, the company said.

The addition of CIS Global will strengthen nVent's ability to provide protection, with innovative products to help manage heat and provide power solutions in data centres.

Their highly portfolio and manufacturing footprint will extend nVent's global growth opportunities with solutions focussed on connecting and protecting the future of electrification.

CIS Global is expected to be operated as a separate business within the nVent Enclosures segment.

nVent offers a comprehensive range of enclosures, electrical connections and fastening and thermal management solutions across brands that are recognised globally for quality, reliability and innovation.
Date Published: 10/06/2021