nVent Electric, a London‑headquartered supplier of electrical equipment and systems, disclosed on Monday that it will acquire Maverick Power, a McKinney, Texas‑based maker of engineered power‑distribution and infrastructure solutions, for $1.75 billion. The deal is part of nVent’s strategy to broaden its presence in the rapidly expanding artificial‑intelligence (AI) infrastructure market.
Deal structure and performance incentives
The transaction includes a base purchase price of $1.75 billion, payable in cash. In addition, Maverick could receive up to $550 million in cash earn‑out payments if it meets certain performance targets during 2027 and 2028, according to nVent’s statement.
What Maverick Power brings to nVent
Maverick Power designs and manufactures low‑ and medium‑voltage switchgears, switchboards, and integrated modular solutions for data centers. By adding these capabilities, nVent expects to strengthen its power‑distribution portfolio and offer more comprehensive products to data‑center customers who are scaling up to meet AI computing demands.
Financing and timeline
nVent said the acquisition will be funded through a combination of cash on hand and new debt financing. The companies anticipate closing the transaction in the fourth quarter of 2026, subject to customary closing conditions and regulatory approval.
Market context
Electrical‑equipment suppliers have seen heightened demand as companies invest heavily in AI‑driven computing capacity. nVent’s CEO Beth Wozniak noted that the Maverick acquisition will enhance the company’s ability to serve data‑center operators seeking reliable, high‑capacity power solutions.
Share‑price reaction
Shares of nVent, which trades on the London Stock Exchange, slipped 1.3 percent in pre‑market trading following the announcement.
The acquisition underscores a broader trend of larger technology‑infrastructure firms consolidating specialized providers to meet the growing power needs of AI‑focused data centers across the United States and globally.
Original reporting: Appleton, WI News Feed (HLL/CB) — read the source article.
