nVent Signs Agreement to Acquire Eldon Enclosures Business

EIN 32 CS nVent 400

Aug 2, 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

Latest Articles

Changing Scene

  • Apply for ECAO 2026 Scholarships

    Apply for ECAO 2026 Scholarships

    July 31, 2026 It is that time of year again when ECAO are offering scholarships to post-secondary graduates for children or wards of salaried employees of ECAO Member Companies. The scholarship was launched in 2004 and awards 5 successful recipients with a scholarship of $5,000 each. The scholarship will be awarded to outstanding students enrolling… Read More…

  • Toronto Pearson Extends Transformation with $1.5B in Terminal Modernization

    Toronto Pearson Extends Transformation with $1.5B in Terminal Modernization

    July 31, 2026 Toronto Pearson has announced contracts to NORR-DIALOG and PCL Construction, who will design and construct another major infrastructure program. The $1.5-billion investment to launch the Terminal 1 and Terminal 3 Revitalization Program has been awarded to NORR-DIALOG, a joint venture between two firms both Ontario-incorporated, and PCL Construction, a global firm created and headquartered… Read More…

  • D.A.D. Sales Welcomes new Team Member – Tom Graham

    D.A.D. Sales Welcomes new Team Member – Tom Graham

    July 31, 2026 D.A.D. Sales announced the addition of Tom Graham as Construction Sales Representative on the D.A.D. Sales team, supporting Northern Alberta. “Tom brings valuable industry experience, a strong understanding of the construction market, and firsthand insight as a skilled tradesman. He understands our customers’ businesses and the realities they face in the field.… Read More…

  • Franklin Empire Opens New Full-Line Branch in Peterborough

    Franklin Empire Opens New Full-Line Branch in Peterborough

    July 31, 2026 Franklin Empire is pleased to announce the opening of their new Peterborough branch, bringing together electrical, automation, and Process Instrumentation expertise under one roof. This new location expands their ability to better serve contractors, industrial facilities, OEMs, municipalities, and commercial customers throughout the Peterborough region with a complete range of products, technical… Read More…