🟢 nVent Electric is trading 5.65% up in pre-market after agreeing to acquire Maverick Power

nVent Electric is trading 5.65% up at $162.02 after announcing an agreement on August 24, 2026, to acquire Maverick Power for $1.75 billion, plus up to $550 million in performance-based payments.

• The acquisition strengthens nVent’s data-center power-distribution platform and is expected to be accretive to adjusted earnings per share in the first year after completion.
• The transaction is expected to close in the fourth quarter of 2026 and will be funded with cash and new debt.
• Broader equity futures are only modestly higher, making the acquisition the clearest catalyst.