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nVent Electric to buy Maverick Power for $1.75 billion to expand data center offerings
Reuters31d agobullish
nVent Electric to buy Maverick Power for $1.75 billion to expand data center offerings

nVent Electric said on Monday it would acquire data center equipment ‌maker Maverick Power for $1.75 billion as ‌it looks to expand its presence in a booming ​AI infrastructure market. Electrical equipment and systems suppliers like nVent have benefited as companies ramp up investment to support the rapid expansion of AI ‌computing capacity, with ⁠CEO Beth Wozniak saying the Maverick acquisition will add power distribution capabilities ⁠and strengthen its offerings to data center customers. The deal also includes a potential additional ​consideration of ​up to $550 million ​in cash if Maverick ‌achieves certain performance targets in 2027 and 2028, nVent said.

nVent Electric Q2 Earnings Call Highlights
MarketBeat55d agoneutral
nVent Electric Q2 Earnings Call Highlights

nVent Electric (NYSE:NVT) reported record second-quarter sales and earnings, driven by continued demand from AI data centers, power utilities and improving short-cycle businesses. The company raised its full-year sales and adjusted earnings outlook and announced plans for a third Minnesota facility

nVent Electric Q1 Earnings Call Highlights
MarketBeat145d agoneutral
nVent Electric Q1 Earnings Call Highlights

nVent Electric (NYSE:NVT) reported first-quarter 2026 results that management said exceeded expectations, driven by continued acceleration in infrastructure demand led by data centers. Chair and CEO Beth Wozniak said the company posted “record sales, orders, and backlog,” marking the third consecuti

nVent (NVT) Q1 2026 Earnings Call Transcript
Motley Fool146d agoneutral
nVent (NVT) Q1 2026 Earnings Call Transcript

Beth A. Wozniak: I am pleased to share with you our outstanding first quarter results and cover some key business highlights. Both sales and EPS significantly exceeded our guidance, driven by strong sales growth in the Infrastructure vertical led by data centers. In the white space, we had outstanding growth in liquid cooling, along with strong growth in power distribution units and cable management.