M&A Deal Summary

nVent Electric Acquires CIS Global

On June 9, 2021, nVent Electric acquired technology hardware company CIS Global for 200M USD

Acquisition Highlights
  • This is nVent Electric’s 1st transaction in the Technology Hardware sector.
  • This is nVent Electric’s 3rd largest (disclosed) transaction.
  • This is nVent Electric’s 3rd transaction in the United States.
  • This is nVent Electric’s 1st transaction in Arizona.

M&A Deal Summary
Date 2021-06-09
Target CIS Global
Sector Technology Hardware
Buyer(s) nVent Electric
Deal Type Add-on Acquisition
Deal Value 200M USD

Target

CIS Global

Tucson, Arizona, United States
CIS Global is a provider of mission critical power and server rack-mount slide products for the rapidly growing data center and networking industries. Key drivers include 5G wireless and demand for artificial intelligence and edge computing, creating demand for servers and related power solutions. CIS Global was founded in 1955 and is based in Tucson, Arizona.

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Buyer(S) 1

Buyer

nVent Electric

London, United Kingdom
Category Company
Founded 1903
Sector Electrical Equipment
Employees11,300
Revenue 3.3B USD (2023)
DESCRIPTION

nVent Electric is a provider of electrical connection and protection solutions. nVent designs, manufactures, markets, installs, and services high-performance products and solutions that connect and protect some of the world’s most sensitive equipment, buildings, and critical processes. nVent offers a comprehensive range of enclosures, electrical connections and fastening, and thermal management solutions across industry-leading brands that are recognized globally for quality, reliability, and innovation. The Company's principal office is in London, United Kingdom and our management office in the United States is in Minneapolis, Minnesota. nVent Electric was founded in 1903 and is based in London, England.

DEAL STATS #
Overall 4 of 8
Sector (Technology Hardware) 1 of 1
Type (Add-on Acquisition) 4 of 7
State (Arizona) 1 of 1
Country (United States) 3 of 5
Year (2021) 2 of 2
Size (of disclosed) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-01 Vynckier Enclosure System

Houston, Texas, United States

Vynckier Enclosure System produces non-metallic enclosures primarily supporting the manufacturing process. Vynckier Enclosure System is based in Houston, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-06 Iceotope

Sheffield, United Kingdom

Iceotope’s chassis-level precision immersion cooling solutions are engineered to cool the whole IT stack, in every use case, from Hyperscale to the Extreme Edge. Its cooling technologies can easily accommodate the increasing heat loads from the latest and future processor roadmaps and fit all standard form factors, including retrofit. By removing the need for fans and air-cooling infrastructure, Iceotope’s technologies operate in near silence bringing game-changing reductions in energy, water, and space consumption, and significant cost reductions in the design, build, and operation of data centers. Its precision immersion cooling uniquely allows computing to be deployed to hostile, harsh, and extreme edge locations in a sealed and safe environment which makes it impervious to heat, dust, and humidity, while endowing it with a high degree of human error resilience. Iceotope was formed in 2005 and is based in Sheffield, United Kingdom.

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