Brookfield Asset Management: Acquisition of the Thermal Management Business of nVent for $1.7bn

Brookfield Asset Management has struck a deal to acquire nVent Electric plc’s Thermal Management business for $1.7 billion in cash.

This significant transaction includes the well-known RAYCHEM and TRACER brands, signaling a strategic shift for nVent towards a more streamlined focus on electrical connection and protection solutions.

The sale, expected to close