nVent Electric plc (2018)
nVent Electric plc (“nVent”) is a global leader in electrical connection and protection solutions. nVent trades on the New York Stock Exchange under the symbol “NVT.” nVent was created as a result of a tax free spin-off from Pentair plc, another Trian portfolio company, and became a standalone publicly-traded company on April 30, 2018.
nVent has a leading 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.
Following the spinoff, Trian Partner Brian Baldwin joined the Board of nVent. Trian looks forward to continuing to work with the nVent leadership team to generate sustained profitable growth.
Company Website: https://www.nvent.com