Quick Take
nVent Electric (NVT) announced it has agreed to acquire Eldon for $130 million.
Eldon operates as a manufacturer of metal enclosures for industrial, electronic, and data and telecommunication gear.
NVT is acquiring Eldon to increase its geographic footprint as it seeks to serve larger customers on a global scale.
Target Company
Madrid, Spain-based Eldon was founded in 1922 to develop and manufacture metal enclosures for industrial, electronic, and data and telecommunication equipment. Management is headed by CEO Fredrik Wikström.
Below is an overview video of the Eldon CLICK-IN technology:
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