nVent to Buy Maverick Power for $1.75 Billion
nVent Electric has agreed to buy Maverick Power for 1.75 billion dollars to expand its AI data center and power distribution capabilities. The transaction is expected to close in the fourth quarter of 2026.
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NVENT ELECTRIC PLC will acquire Maverick Power for $1.75 billion in cash and debt, expanding its footprint in AI data center infrastructure. The deal follows a surge in demand for electrical equipment as tech companies race to scale up computing power. CEO Beth Wozniak said the acquisition adds critical power distribution capabilities to support high-density computing loads.
