# 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.

- Type: Acquisition
- Announced: 2024-08-01
- Value: $1.70B
- Status: announced
- Products: heat tracing and thermal management products (Raychem, Tracer)
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Brookfield Asset Management](https://endata.com/companies/2655.md) (acquirer)
- [nVent Electric](https://endata.com/companies/12118.md) (partner)

## Sources

- [privateequityinternational.com](https://www.privateequityinternational.com/brookfield-to-buy-nvents-thermal-management-biz-in-1-7bn-deal/), 2024-08-01: "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."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.