nVent Electric Acquires CIS Global from Guardian Capital Partners for ~$200M
June 9, 2021
nVent Electric plc has acquired CIS Global LLC, a provider of intelligent rack power distribution units and server rack slides, for approximately $200 million in cash. The acquisition strengthens nVent's data center power and thermal management capabilities and expands its global manufacturing footprint; CIS Global is headquartered in Tucson, Arizona and employs about 850 people worldwide.
- Buyers
- nVent Electric plc
- Targets
- CIS Global LLC
- Sellers
- Guardian Capital Partners
- Industry
- Manufacturing
- Location
- Arizona, United States
- Transaction Type
- Buyout
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