July 16, 2024 – nVent Electric plc has completed its acquisition of the parent of Trachte LLC for a purchase price of $695 million.

This follows the news from last month that Palladium Equity Partners LLC (along with its affiliates) agreed to sell its majority interest in Trachte (pronounced “trock-tee”) to an affiliate of nVent Electric plc.

Trachte’s solutions help protect controls, equipment, and infrastructure for electric utilities, data centres, and other commercial and industrial customers.

“Trachte expands our enclosures portfolio with a new platform and enhances our systems protection capability, further strengthening our position with the electrification of everything,” said nVent chair and CEO Beth Wozniak. “The addition of Trachte will better position us to serve customers with a broader solutions offering, with our combined expertise and capabilities.”

nVent’s portfolio includes brands such as Caddy, Erico, Hoffman, Ilsco, Raychem and Schroff.