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nVent was established when Pentair separated its electrical business in 2018, creating nVent Electric plc as an independent, publicly traded entity. nVent began trading on the New York Stock Exchange on May 1, 2018, under the ticker symbol NVT.
Following the spin-off, nVent pursued a strategy of targeted acquisitions and portfolio reshaping. In 2019, it acquired Eldon Enclosures, a Swedish manufacturer of electrical enclosures, expanding its product portfolio and distribution network across EMEA.
In August 2024, nVent announced an agreement to sell its thermal management business, including the Raychem and Tracer brands, to funds managed by Brookfield Asset Management for approximately US$1.7 billion, as part of its strategy to focus on core electrical connection and protection offerings.
In March 2025, nVent announced the acquisition of the Electrical Products Group business of Avail Infrastructure Solutions for approximately US$975 million, adding switchgear, bus systems, and control building products. The transaction was completed in May 2025.