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[SITUATION] · [QUIET] · [BUSINESS]
2 clusters · 9 sources · 25 days · First seen · Last updated
nVent Electric infrastructure and capacity expansion
Overview
nVent Electric is expanding its infrastructure capabilities to support the growing demands of AI and high-performance computing data centers.
In July 2026, the company announced the construction of a new manufacturing facility in Blaine, Minnesota. The plant is designed to produce liquid-cooling systems, a technology increasingly necessary for managing heat in AI chips. This expansion is expected to double the company’s liquid-cooling production capacity and create over 200 jobs.
Following this manufacturing expansion, nVent entered a definitive agreement in August 2026 to acquire Maverick Power for an upfront price of $1.75 billion, with potential total payments reaching $2.3 billion. The acquisition of the Texas-based company, which specializes in engineered power distribution and infrastructure, is intended to strengthen nVent’s ability to provide integrated, system-level solutions for complex computing facilities.
Entities
Blaine, Minnesota · nVent Electric plc · Nvidia Corporation · Maverick Power · AI data centers
Timeline
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18 days ago
[BUSINESS] 9 sourcesnVent Electric to acquire Maverick Power for up to $2.3 billionnVent Electric will acquire Maverick Power for up to $2.3 billion to expand its power distribution capabilities for the growing data center and AI infrastructure market.
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about 1 month ago
[BUSINESS] 2 sourcesnVent expands liquid cooling capacity in Minnesota, adding 200 jobsnVent is constructing a new Blaine, Minnesota plant to double its liquid‑cooling output for AI data centers, creating over 200 jobs and supporting a market projected to reach $27.6 bn by 2033.
Sources
bicmagazine.com · compoundsemiconductor.net · datacentrereview.com · newsable.asianetnews.com · powerelectronicsworld.net · pulse2.com · stocktitan.net · tedmag.com · theascent.com