Clean water and electricity are both essentials of modern life, but from a business standpoint, they’re distinctly different. After all, the global market for electrical connection and protection is growing like never before, providing opportunities for a company focused on mission-critical solutions.
That’s a major reason why Pentair recently split its portfolio in two, creating a new company — nVent — exclusively focused on offering electrical systems and components that connect and protect vital energy assets. Pentair also became a pure-play water-solutions company, specializing in sustainable fluid-processing applications.
While the nVent name is new, its electrical brands are well-known to commercial builders, energy companies, data-center operators and industrial producers worldwide. The lineup includes electrical enclosures, server cabinets, thermal management products, and electrical and fastening solutions.
“Being a separate company means we will be highly focused on mission-critical solutions that safeguard the energy flowing through our customers’ facilities,” said Beth Wozniak, CEO of nVent. “The spin-off from Pentair also will allow nVent to make investments that are more responsive to the market.”
nVent debuted as a publicly traded company on the New York Stock Exchange on May 1 and boasts $2.1 billion in annual revenue. Nearly 9,000 employees worldwide are responsible for the design, manufacture and distribution of solutions including Hoffman electrical enclosures and heating solutions marketed under the Raychem brand.
The nVent name, Wozniak explained, reflects the inventive legacy of the company’s collective brands, some of which have been sold for a century. Combined, nVent’s three business segments hold more than 400 patents.
The enclosures segment is a leading global provider of electrical and electronics protection products and services and includes the Hoffman and Schroff brands. nVent enclosures offer two-pronged protection: safeguarding electrical equipment from the operating environment and people from electrical hazards. The Hoffman line includes steel, stainless steel and non-metallic enclosures, modular enclosure solutions and industrial cooling systems. The nVent Schroff brand includes server cabinets, data-center cooling solutions, power supplies, sub-racks and cases.
The thermal management segment consists of heat-tracing solutions and complete heat management systems. nVent Raychem solutions include heat tracing for pipes in industrial plants, buildings and infrastructure, heating system components, fire-rated wiring cables, floor-heating cables and mats, and thermostats and controls. nVent Tracer offerings include turnkey heat management services, including design, engineering project management and construction services.
The electrical and fastening solutions segment comprises components used to fix, fasten and protect cable and wire systems. The nVent Erico brand offers components for electrical protection, rail and transit connectivity, telecom installation, and utility and industrial facility electrical systems. The nVent Caddy brand includes fixing, fastening and support products for electrical installation, seismic and fire protection, data communications and heating, ventilating and air conditioning systems.
The lineup of brands is poised for growth, especially as the company can increase the speed at which it brings new offerings to market. What the innovative lineup of electrical solutions provides customers are safer electrical systems that help enhance productivity and reduce the cost of ownership. Dedicated to understanding customers, the new nVent can fully focus its talent and efforts on connecting and protecting electrical systems across the globe.