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nVent Bets $1.75 Billion on Data-Center Power Demand

By  |  August 24, 2026
Big Tech, AI

nVent Electric is making a $1.75 billion bet on the infrastructure behind the artificial-intelligence boom, agreeing to acquire power-equipment manufacturer Maverick Power as data-center construction drives demand for increasingly sophisticated electrical systems.

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    The transaction will add a Texas-based supplier of power-distribution equipment to nVent’s portfolio, according to Reuters. The deal could ultimately be worth as much as $2.3 billion, with up to $550 million of additional payments dependent on Maverick’s performance in 2027 and 2028.

    For nVent, the acquisition provides another route into the rapid buildout of computing capacity required for AI. The surge in new data centers has increased demand not only for chips and servers but also for the equipment needed to move and manage large amounts of electricity throughout those facilities.

    Maverick, headquartered in McKinney, Texas, makes equipment including switchgear and switchboards as well as modular power systems, Reuters reported. Those products are used to distribute electricity and form part of the less-visible physical infrastructure supporting large computing facilities.

    Chief Executive Officer Beth Wozniak said the acquisition would expand nVent’s power-distribution capabilities and strengthen the company’s data-center offering, according to Reuters.

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    The purchase also adds to nVent’s recent dealmaking as the company reshapes its portfolio around faster-growing electrical markets. The company plans to fund the Maverick transaction with a combination of cash on hand and new debt, Reuters reported.

    Related: AI Data Centers: Competition Law and the Energy Challenge

    Investors gave the announcement a muted initial reception, with nVent shares falling about 1.3% in premarket trading Monday, according to Reuters.

    The acquisition is expected to close during the fourth quarter of 2026, subject to regulatory clearance and other customary conditions, Reuters said.

    The broader backdrop is a sharp increase in spending on the infrastructure needed to support AI workloads. As technology companies and data-center operators expand computing capacity, the investment cycle is spreading beyond semiconductor manufacturers to businesses providing cooling, electrical distribution and other systems required to keep increasingly dense facilities operating.

    For nVent, Maverick represents a way to capture more of that spending through equipment sitting closer to the power backbone of a data center. The price also underscores the value buyers are placing on businesses positioned to benefit from an infrastructure expansion that is increasingly extending across the electrical-equipment supply chain.

    Source: Reuters