nVent To Acquire Trachte For $695M; Expects Deal To Close In Q3, Expect Deal To Be Accretive To Adj. EPS In The First Year After Completion
Portfolio Pulse from Benzinga Newsdesk
nVent Electric plc (NVT) has announced its acquisition of Trachte for $695 million. The deal is expected to close in Q3 and is anticipated to be accretive to adjusted EPS in the first year after completion.
June 06, 2024 | 10:31 am
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nVent Electric plc (NVT) is acquiring Trachte for $695 million. The deal is expected to close in Q3 and be accretive to adjusted EPS in the first year after completion.
The acquisition of Trachte for $695 million is a significant move for nVent Electric plc (NVT). The deal is expected to close in Q3 and is anticipated to be accretive to adjusted EPS in the first year, which is a positive indicator for the company's financial performance. This should boost investor confidence and likely lead to a short-term increase in the stock price.
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