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Nvent Acquires Texa Industries

Jul 11, 2023•almost 2 years ago

Acquiring Company

nVent Electric plc

Acquired Company

TEXA Industries

St Louis ParkManufacturing

Description

nVent Electric plc (NYSE: NVT) (“nVent”), a global leader in electrical connection and protection solutions, today announced it has acquired TEXA Industries, which will operate within its Enclosures business segment.

Company Information

Company

nVent Electric plc

Location

St Louis Park, Minnesota, United States

About

nVent is a leading global provider of electrical connection and protection solutions, offering a comprehensive range of enclosures, electrical connections, fastening, and thermal management solutions under industry-leading brands. With its principal office in London, nVent provides innovative electrical solutions that enable safer systems and ensure a more secure world.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed

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