NVent Hoffman: Difference between revisions
change article to focus on current nVent Hoffman company, which is basically a continuation of Eldon |
m Lonaowna moved page Eldon Enclosures to NVent Hoffman: new company name after 2019 acquisition |
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Revision as of 09:16, 30 March 2024
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| Company type | Subsidiary |
|---|---|
| Industry | Industrial Enclosures |
| Founded | 1922 |
| Products | Enclosure systems Terminal Boxes Human-Machine Interface Thermal management |
| Website | hoffman.nvent.com |
nVent Hoffman, previously known as Eldon Enclosures, is an industrial encloser manufacturing company.
Product manufacturing was developed in several European production facilities and a plant in Umargam, India. The company had 6 distribution centers and was present in 45 countries.[1]
History
Founded in 1922 in Nässjö, Sweden, the original company, was called Elekto Ljus & Kraft, the name changed to AB Eldon-Verken in 1948. Eldon is a portmanteau of the Swedish words el (electrical) and [1] (device).
Initially building electrical installation equipment and selling radios, the latest invention at the time, they soon began manufacturing a junction box designed for the use with electric ovens.
In 1963, the first acquisition was made with the take-over of their biggest competitor, Elektriska Osterman AB. Four years later, the Eldon-Osterman companies have merged under the common name of Eldon AB.
In 1967, the company expanded abroad, by opening sales offices in several European Countries, starting with the UK and Belgium.
The Dutch subsidiary was inaugurated in 1970 in the north of the Netherlands, in Drachten.
In 1999, Eldon AB was sold to EQT Partners and in 2006, the new management team acquired the majority shareholding from EQT.
In July 2019, Eldon Enclosures was acquired by nVent Electric plc for $130 million in cash,[2][3] and renamed to nVent Hoffman.
Prior to the nVent acquisition, it was headquartered in Madrid, Spain.
Products
nVent HOFFMAN offers several ranges of products:[citation needed]
- Floor Standing Enclosures
- Wall Mounted Enclosures
- Terminal Boxes
- Human Machine Interface
- Thermal Management
- Cable Management
- General Accessories
- Power Distribution
- Panel Shop Automation
References
- ^ "Eldon Products from IDEAL Electrify Shop". idealelectrifyshop.com. Retrieved 2020-04-15.
- ^ "Pentair Spinoff nVent to Buy Spain-based Eldon Enclosures for $130M". Twin Cities Business. Retrieved 2020-04-02.
- ^ Jones, Donovan (2019-08-05). "nVent Electric To Acquire Eldon For Global Growth Initiative". Seeking Alpha. Retrieved 2020-04-02.