Avail, a Fernweh Group portfolio Company, has entered into a definitive agreement to sell its Electrical Products Group to nVent Electric.
The strategic combination with nVent will create significant value for customers, employees and stakeholders.
The completion of the transformation is a testament to the partnership between Fernweh and AZZ.
The success of the joint venture between Fernweh and AZZ is due to the skill and dedication of the employees of the company.
The transaction is expected to close in calendar H1 2025, subject to customary closing conditions.
Greenhill, a Mizuho affiliate, was engaged as the sole financial adviser by Avail.
This is about the EPG.

Source prnewswire