nVent Electric Plc (nVent) designs and manufactures electrical connection and protection products. The company provides enclosures, thermal management, and electrical and fastening solutions. Its enclosures services provide solutions to protect heat in electronics, communication, control, and power equipment. nVent's thermal management provides electric thermal solutions that connect critical buildings, infrastructure, and industrial processes. The company's electrical and fastening solutions consist of fastening solutions to connect and protect electrical and mechanical systems, and civil structures. It sells its products under the brand names CADDY, ERICO, HOFFMAN, RAYCHEM, SCHROFF, and TRACER brands. The company serves the energy, industrial, infrastructure, and commercial and residential sectors. It operates in the US, Canada and Mexico, among others. nVent is headquartered in London, England, the UK.
Headquarters
United Kingdom
Address
8th Fl, (East), 1000 Great West Road, London, England, W69TQ
No of Employees
11,300
Industry
Industrial Goods and Machinery
Ticker Symbol & Exchange
NVT (NYSE)
Revenue (2022)
$3.3B
12.2%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
41.8%
(2022 vs 2021)
Market Cap*
$11.9B
Net Profit Margin (2023)
XYZ
26.5%
(2022 vs 2021)
* As of and is in US$
nVent Electric Plc premium industry data and analytics
Products and Services
| Products | Brands |
|---|---|
| Cabinets and Electronic Packaging | Caddy |
| Concrete Reinforcing Steel Connections | Erico |
| Data Center and Networking Systems | Hoffman |
| XYZ | XYZ |
| XYZ | XYZ |
| XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2024 | Corporate Changes/Expansions | In March, the company opened its nVent TRACER Life Cycle Services Center in Pasadena, Texas, the US. |
| 2023 | Contracts/Agreements | In December, the company partnered with Hyperview to enhance power distribution unit control and monitoring for data center customers. |
| 2023 | Acquisitions/Mergers/Takeovers | In July, the company acquired TEXA Industries. |
Competitor Comparison
| Key Parameters | nVent Electric Plc | Pentair Plc | Atkore Inc | Franklin Electric Co Inc | CoolIT Systems Inc |
|---|---|---|---|---|---|
| Headquarters | United Kingdom | United Kingdom | United States of America | United States of America | Canada |
| City | London | London | Harvey | Fort Wayne | Calgary |
| State/Province | England | England | Illinois | Indiana | Alberta |
| No. of Employees | 11,300 | 10,500 | 5,600 | 6,400 | - |
| Entity Type | Public | Public | Public | Public | Private |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Beth A. Wozniak | Chief Executive Officer; Chairman | Executive Board | 2023 | 58 |
| Sara Zawoyski | Chief Financial Officer; Executive Vice President | Senior Management | 2019 | - |
| Randy Wacker | Chief Accounting Officer; Senior Vice President; Treasurer | Senior Management | 2019 | - |
| Aravind Padmanabhan | Executive Vice President; Chief Technology Officer | Senior Management | 2019 | - |
| Nitin Jain | Senior Vice President - Strategy and Business Development | Senior Management | 2022 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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