nVent – nVent Completes Acquisition of Trachte
- Strengthens nVent’s position with the electrification of everything in high-growth verticals, including power utilities, data centers and renewables
- Presents a new platform to provide broader solutions for customers
LONDON–(BUSINESS WIRE)– nVent Electric plc (NYSE: NVT) (“nVent”), a global leader in electrical connection and protection solutions, today announced that it has completed the previously announced acquisition of the parent of Trachte, LLC for a purchase price of $695 million, subject to customary adjustments. Trachte is a leading manufacturer of custom-engineered control building solutions designed to protect critical electrical infrastructure assets.
nVent Chair and CEO Beth Wozniak said, “I am excited to welcome the Trachte team to nVent. Trachte expands our enclosures portfolio with a new platform and enhances our systems protection capability, further strengthening our position with the electrification of everything. The addition of Trachte will better position us to serve customers with a broader solutions offering, with our combined expertise and capabilities.”
Trachte, headquartered in Madison, Wisconsin, has an established history of providing control building solutions and employs more than 500 people.
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More information on Trachte, LLC by nVent: https://www.trachteusa.com/ + Trachte® is a leading engineering and manufacturing company of customized control buildings for the United States power industry. Since 1901, Trachte has been a recognized leader in prefabricated steel structures, and today continues to be a market leader in quality, customization, reliability, and customer service.
At Trachte, we pride ourselves on developing and maintaining strong relationships with our customers and channel partners to understand their needs, to deliver customized solutions that meet those needs, and maximize the value we bring to them. From engineering consulting and state-of-the art manufacturing to continuous project management support at every step, Trachte is committed to providing unsurpassed quality and satisfaction to our customers.
Trachte acquired Parkline Inc. in 2023 to offer the most complete building solution portfolio in the industry. Parkline is a leading manufacturer of highly engineered metal buildings for industrial and commercial applications including material only, site-erected, pre-erected, and integrated control buildings. By acquiring Parkline, Trachte assures access to leading technology, innovative products, increased manufacturing capacities, and additional service capabilities and expertise.
Trachte has an established history of providing control building solutions, and is headquartered in Madison, Wisconsin with more than 500 employees. Trachte estimates 2024 revenues to be approximately $250 million.
Trachte, headquartered in Madison, Wisconsin, has an established history of providing control building solutions and employs more than 500 people.
More information on Shawn Smith (Chief Executive Officer, Trachte, LLC, nVent): See full profile on EMR Executive Services