nVent takes over Eldon
nVent Electric, is a world leader in electrical connection and protection solutions, acquired the enclosures manufacturer Eldon based in Jaen / Spain on 4 September 2019.
The purchase price is approx.130 m USD (119 m EUR) and the assumption of debts. Eldon manufactures mainly in Romania and in 2018 they had a turnover of approx. 90 m USD (82 m EUR). The purchase has yet to be approved by the competition authority.
The Eldon enclosure program fits well with nVent, which already has a leading position in the market with its Erico, Hoffmann, Schroff, Raychem and Tracer brands.