# nVent completes acquisition of Trachte for $695M

nVent Electric has completed the acquisition of Trachte, a manufacturer of custom-engineered control building solutions, for $695 million. Trachte is headquartered in Madison, Wisconsin and employs over 500 people.

- Type: Acquisition
- Announced: 2024-07-16
- Where: Madison, Wisconsin, United States
- Value: $695.0M
- Jobs: 500
- Status: completed
- Products: custom-engineered control building solutions
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [nVent Electric](https://endata.com/companies/12118.md) (acquirer)
- [Palladium Equity Partners](https://endata.com/companies/34834.md) (partner)
- [Trachte](https://endata.com/companies/78648.md) (target)

## Sources

- [nvent.com](https://www.nvent.com/en-us/schroff/resources/news/nvent-completes-acquisition-trachte), 2024-07-16: "nVent today announced that it has completed the previously announced acquisition of the parent of Trachte, LLC"
- [ebmag.com](https://www.ebmag.com/nvent-strengthens-protection-and-control-building-solutions-through-695-million-trachte-acquisition/), 2024-07-17: "Trachte expands our enclosures portfolio with a new platform and enhances our systems protection capability, further strengthening our position with the electrification of everything."

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