nVent Signs Agreement to Acquire Eldon Enclosures Business

August 6, 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

| |

ABB Opens Multi-Million-Dollar R&D Center to Drive Technological Advancements in Pulp and Paper

April 27, 2023 ABB has officially opened a global research and development (R&D) center for the pulp and paper industry in Dundalk, Ireland. The new multi-million-dollar ABB Dundalk R&D Centre is at the heart of ABB’s automation and digital offering for the sector and will be home to the ongoing evolution of the ABB Quality…

Cybertech Automation Expands North American Engineering Services

Cybertech Automation Expands North American Engineering Services

Cybertech Automation is proud to announce the expansion of services into Texas, Pennsylvania and the Northwest Territories. With professionals now licensed to practice with the Texas Board of Professional Engineers (TBPE), the Pennsylvania Licensing System (PALS) and the Northwest Territories Association of Engineers and Geoscientists (NAPEG), Cybertech builds on a presence already well-established in British Columbia, Alberta, Saskatchewan, Manitoba and Ontario.

 

Condition-Based Maintenance service predicts when drive components need replacing

Condition-Based Maintenance service predicts when drive components need replacing

ABB has extended the scope of its ABB Ability Digital Powertrain concept that connects drives, motors, pumps and bearings with a new Condition-Based Maintenance service option for drives. This new option provides the earliest possible warning of any abnormal conditions that might cause a drive to fail prematurely. The service is targeted for drives in critical applications in the oil and gas, metals, water and wastewater, and pulp and paper industries, where it is essential to avoid costly unplanned plant shutdowns.

 

 

 

Editor’s Pick: Featured Article

Weidmüller’s u-control 2000: The Automation Controller

Weidmüller’s u-control 2000: The Automation Controller

Weidmüller’s scalable engineering software, u-control 2000, adapts individually to your requirements. And, the u-control is powerful, compact and fully compatible with Weidmüller’s I/O system u-remote. This article looks at what makes u-control the heart of your automation.

Programmable logic controllers (PLCs) are one of the main components of any automated system. A typical control system has inputs, outputs, controllers (i.e., PLCs), and some type of human interaction with the system, a human machine interface (HMI), for example.

Read More

Latest Articles

  • Why Use Low-Consumption Contactors in Your Motor Control Systems?

    April 15, 2025 By Tiffany Moore Organizations are under more pressure than ever to improve sustainability metrics. How can you help them succeed — and win more business in the process?    Building motor control systems with more sustainable parts is one piece of the puzzle. Control panel builders, system integrators, and design firms have an… Read More…

  • The Long Cable Run Dilemma: Where Should You Install the VFD?

    April 15, 2025 By Damien Herwegh Sophia, a dedicated electrical engineer in a large industrial complex, has been tasked with installing a drive system where the motor is located hundreds of meters away from the control room. Like many engineers before her, she considers the usual question: Should I place the drive in the electrical… Read More…