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0.000944108761329386 0.00141616314199401 0.000566465256797604 -0.00717522658610263 -0.000566465256797604 -0.0039652567975831 -0.00962990936555887 -0.0116125377643504
Stock impact report

AZZ Inc. Announces Definitive Agreement by AVAIL Infrastructure Solutions to Divest Electrical Products Business [Yahoo! Finance]

nVent Electric plc Ordinary Shares (NVT) 
Last nvent electric plc ordinary shares earnings: 4/29 06:45 am Check Earnings Report
Company Research Source: Yahoo! Finance
Solutions ("AVAIL" or "AIS") has entered into a definitive agreement to sell the electrical enclosures, switchgear, and bus systems businesses (the "Electrical Products Group") of AVAIL to nVent Electric plc (NYSE: NVT) ("nVent") , for a purchase price of $975 million , subject to customary adjustments. The effective enterprise value multiple is approximately 12.5 times the anticipated Electrical Products Group trailing twelve-month EBITDA. AZZ has a non-controlling 40% interest and Fernweh Group LLC a 60% interest in AVAIL through a joint venture that was entered into in 2022. The transaction is expected to close in the first half of calendar year 2025, subject to customary closing conditions. AZZ Inc is the leading independent provider of hot-dip galvanizing and coil coating solutions in North America. (PRNewsfoto/AZZ, INC.) Following the sale, AZZ will continue to own a 40% interest in AVAIL, which will consist of AVAIL's Industrial Lighting and Welding Solutions Businesses, an Show less Read more
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