nVent Buys Maverick Power in $1.75B Data Center Deal
nVent Electric agrees to acquire Maverick Power for $1.75B, with up to $550M more tied to performance targets through 2028.
nVent Electric just made a big bet on the data center boom. The London-based electrical solutions company announced it's acquiring Maverick Power for $1.75 billion in a deal that could balloon to $2.3 billion if Maverick hits specific performance milestones in 2027 and 2028. That earn-out structure tells you everything — nVent believes the upside is real, but it wants proof before cutting the full check.
Maverick Power isn't some scrappy startup. It's a legit manufacturer of engineered power distribution and infrastructure solutions built specifically for data centers — exactly the kind of critical hardware that every hyperscaler, colocation provider, and AI infrastructure buildout desperately needs right now. Demand for this stuff isn't slowing down, and nVent is positioning itself right in the middle of that spending wave.
Read more Ekoscan Integrity Group Buys Carestream's US NDT Digital Unit →
For nVent (NYSE: NVT), this is a strategic expansion of its electrical connection and protection portfolio into one of the hottest infrastructure verticals on the planet. Data center power infrastructure has become a chokepoint as AI workloads drive unprecedented energy demand, and owning a specialized manufacturer in that space is a serious competitive advantage going forward.
The deal is subject to customary closing adjustments, standard for a transaction this size. Traders eyeing NVT should watch for any regulatory commentary and keep a close eye on whether management provides updated guidance tied to the acquisition at their next earnings call. The $550 million earn-out window closing in 2028 also gives you a built-in catalyst to track.
Continue reading at GlobalNewswire.
