CL King analyst David Silver made no change to the firm’s Neutral rating on nVent Electric shares. On April 3, nVent announced that it would acquire privately-held ECM Industries, providing a tight strategic fit at a reasonable valuation, the analyst tells investors in a research note. ECM’s products and distribution channels complement nVent’s EFS segment, and potential revenue synergies could drive value creation upside, the firm adds.
Published first on TheFly
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