2023-07-11 06:41:09 ET
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nVent Electric ( NYSE: NVT ) has acquired Italy-based TEXA Industries, which will operate within its Enclosures business segment, for an undisclosed sum.
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TEXA Industries is a leading European provider of industrial cooling applications, including air conditioners and chillers.
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The move complements nVent’s ( NVT ) portfolio to protect critical electrical systems with expanded industrial air conditioners and chillers.
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Further, the addition enhances nVent’s ( NVT ) position with the electrification of industrial automation and energy storage, and strengthens its global growth opportunity.
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nVent acquires TEXA Industries