Brookfield to buy nVent's thermal management business for $1.7 billion

Brookfield Asset Management agreed to buy nVent Electric's thermal management segment, including the Raychem and Tracer brands, for a cash price of $1.7 billion. The deal is expected to close by early 2025, subject to regulatory approvals.

“Brookfield Asset Management has agreed to buy nVent Electric's thermal management segment, which includes Raychem and Tracer brands, for a cash purchase price of $1.7 billion.”privateequityinternational.com

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• privateequityinternational.comBrookfield to buy nVent’s thermal management biz in $1.7bn dealAug 1, 2024

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