nVent Completes Acquisition of Maverick Power

* Broadens nVent’s exposure to the high-growth infrastructure vertical, particularly in data centers, with a power distribution platform, complementing nVent’s data center offerings * Expands nVent’s offerings for new power architectures, and system-level solutions and services for data centers LONDON, Oct. 01, 2026 (GLOBE NEWSWIRE) -- nVent Electric plc (nVent), a global leader in electrical connection and protection solutions, today announced it has completed the previously announced intention to acquire Maverick Power for a purchase price of $1.75 billion, subject to customary adjustments. The transaction also includes the potential additional consideration of up to $550 million in cash based on achieving certain performance metrics in 2027 and 2028. Maverick Power is a leading manufacturer of engineered power distribution and infrastructure solutions for data centers.

“We are excited to welcome the Maverick Power team to nVent,” said nVent Chair and CEO Beth Wozniak. “Maverick Power adds a power distribution platform to our portfolio, which complements our current data center offerings. Additionally, Maverick Power expands our offerings for new power architectures, and system-level solutions and services for data centers.”