# nVent Electric to acquire CIS Global for $200 million

nVent Electric signed a definitive agreement to acquire CIS Global, a provider of data center power solutions, for approximately $200 million in cash. The deal is expected to close by Q3 2021.

- Type: Acquisition
- Announced: 2021-06-09
- Where: Tucson, Arizona, United States
- Value: $200.0M
- Jobs: 850
- Status: announced
- Products: data center power solutions, server rack-mount slide products
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [nVent Electric](https://endata.com/companies/12118.md) (acquirer)
- [CIS Global](https://endata.com/companies/44864.md) (target)

## Sources

- [investors.nvent.com](https://investors.nvent.com/press-releases/press-release-details/2021/nVent-Signs-Agreement-to-Acquire-CIS-Global/default.aspx), 2021-06-09: "nVent Electric plc today announced it has entered into a definitive agreement to acquire CIS Global LLC, a privately held leading provider of mission critical power and server rack-mount slide products for the rapidly growing data center and networking industries."

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