Palladium Equity Partners sells majority stake in Trachte to nVent Electric plc for $695m.
Private equity firm Palladium Equity Partners is selling its majority stake in Trachte, a leading protection and control buildings provider, to nVent Electric plc for $695 million. Trachte's products safeguard essential controls, equipment, and infrastructure for sectors like electric utilities, data centers, and commercial/industrial businesses. The deal is expected to bring additional resources and growth opportunities to both companies.
June 06, 2024
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