nVent CEO Beth Wozniak
nVent Electric plc (London, U.K.; www.nvent.com) announced the completion of its separation from Pentair plc and its launch as an independent, publicly traded company. nVent began trading on the New York Stock Exchange on May 1, 2018, under the symbol NVT.
The company has a portfolio of electrical enclosures, electric heat tracing solutions, complete heat management systems, and electrical and fastening solutions that connect and protect critical systems across the globe where the cost of failure is high. Its innovative electrical solutions help maximize customer efficiency, improve utilization, lower installation costs as well as the total cost of ownership and minimize downtime.
“With the completion of this spin, nVent has achieved a major milestone in becoming a more focused, global leader in providing electrical connection and protection solutions to customers around the world,” said Beth Wozniak, nVent’s chief executive officer (photo). “We are going to be a fast-paced, dynamic growth company, focused on our customers and moving with velocity. I am proud to be part of the nVent team and am confident in the strategy and portfolio we have in place to deliver long-term shareholder value.”
nVent customers include commercial builders, energy companies, data centers and industrial manufacturers. The company’s business – divided into three segments – centers on six well-established brands.
The Enclosures segment is a leading global provider of electrical and electronics protection products and services. Marketed under the nVent HOFFMAN and nVent SCHROFF brands, nVent enclosures offer two-pronged protection: safeguarding electrical equipment from the operating environment and people from electrical hazards. The nVent HOFFMAN brand includes steel, stainless steel and non-metallic enclosures, modular enclosure solutions, and industrial cooling systems. The nVent SCHROFF brand includes server cabinets, data center cooling solutions, power supplies, sub-racks and cases.
The Thermal Management segment consists of global leading portfolios of heat tracing solutions and complete heat management systems. nVent RAYCHEM solutions include heat tracing for pipes in industrial plants, buildings and infrastructure, heating system components, fire-rated wiring cables, floor-heating cables and mats, and thermostats and controls. nVent TRACER offerings include turnkey heat management services, including design, engineering project management and construction services.