Electrical connection and protection solutions provider nVent Electric announced the completion of its separation from Pentair.
nVent Electric was launched as an independent, publicly traded company, whose shares began trading on the New York Stock Exchange on 1 May, 2018, under the name “NVT”.
The company has a leading portfolio of electrical enclosures, electric heat tracing solutions, complete heat management systems, and electrical and fastening solutions that connect and protect critical systems across the globe where the cost of failure is high. Its electrical solutions help maximise customer efficiency, improve utilisation, lower installation costs, etc.
Beth Wozniak, nVent’s chief executive officer, said: “With the completion of this spin, nVent has achieved a major milestone in becoming a more focused, global leader in providing electrical connection and protection solutions to customers around the world. We are going to be a fast-paced, dynamic growth company, focused on our customers and moving with velocity. I am proud to be part of the nVent team and am confident in the strategy and portfolio we have in place to deliver long-term shareholder value.”
nVent customers include commercial builders, energy companies, data centres and industrial manufacturers.