nVent Signs Agreement to Acquire Eldon Enclosures Business

August 6, 2019

nVent Electric plc announced it has signed an agreement to acquire Eldon, a privately held European-based enclosures business, for a cash purchase price of approximately $130 million, subject to customary adjustment and including repayment of Eldon debt.

The acquisition of Eldon and its highly complementary portfolio will position nVent well for global growth.

Eldon is headquartered in Madrid, Spain, with global offices and primary manufacturing in Romania. For the period ending Dec. 31, 2018, sales of the business were approximately $90 million.

Completion of the acquisition is pending regulatory approval. nVent expects the transaction to close in 2019, and to be accretive to EPS within the first 12 months following acquisition.

Source

Related Articles

Editor’s Pick: Featured Article

Weidmüller’s u-control 2000: The Automation Controller

Weidmüller’s u-control 2000: The Automation Controller

Weidmüller’s scalable engineering software, u-control 2000, adapts individually to your requirements. And, the u-control is powerful, compact and fully compatible with Weidmüller’s I/O system u-remote. This article looks at what makes u-control the heart of your automation.

Programmable logic controllers (PLCs) are one of the main components of any automated system. A typical control system has inputs, outputs, controllers (i.e., PLCs), and some type of human interaction with the system, a human machine interface (HMI), for example.

Read More

Latest Articles

  • Future-Proofing the Next-Gen Power and Energy Workforce

    Future-Proofing the Next-Gen Power and Energy Workforce

    August 21, 2025 Digital Transformation: The Driving Force of the Energy Revolution The energy sector is undergoing its most significant transformation in a century. The penetration level of renewable energy sources is increasing, however, generative AI and surging adoption of electric vehicles are driving up power loads. From supply-demand balancing to empowering consumers with greater… Read More…

  • Handling Nuclear Waste Safely with Pilz

    Handling Nuclear Waste Safely with Pilz

    August 20, 2025 No interruption due to Safety and Security When handling radioactive waste, safety is COVRA’s top priority. That’s why the Dutch processing company planned a safety upgrade for its highly automated pressing and transportation system. Cylindrical drums containing radioactive waste are transported through the plant on conveyors and are compressed into flat blocks… Read More…