Update on the acquisition of Eldon by nVent
Eldon announced on July 29 that nVent, a global leader in electrical connection and protection solutions, signed an agreement to acquire Eldon. nVent has now completed the acquisition of Eldon Enclosures. You will in the following find some questions and answers that the Eldon and nVent management team believes are of interest to you.
What does the acquisition mean?
The new organization will be positioned to quickly respond to customers around the world, providing advanced and flexible enclosure solutions. Our local and global customers can expect that we will continue to focus on creating innovative enclosure solutions to meet your evolving needs.
What changes are you making in the products you offer?
At this time, no changes are planned in our product offering. Here are some details about the combined portfolio:
- We will continue to offer the complete line of Eldon IEC products.
- The nVent IEC range will continue as well, though over time, we may make some changes. In that event, a thoughtful transition plan will be developed and shared with the limited number of customers who may be affected.
- We will continue to offer the nVent NEMA-rated enclosures and cooling products as well as modification machines, also known as Steinhauer, supporting automated modifications, personal wiring assistants, and cutting machines.
What else should I expect?
Customers will benefit from the company’s combined research and development and digitalization efforts. This means we will bring new products to market faster and offer our customers smoother and more rapid interaction through new digital tools, such as easy-to-use product configurators.
Will you be changing the names of any of the Eldon or nVent products?
Eldon is now part of nVent. Both Eldon and nVent HOFFMAN brands are well known where they are sold today, and we are working on plans now regarding how the brands will be conveyed going forward. The Eldon products will be transitioning to nVent HOFFMAN within approximately eight months, and our goal is to make sure item numbers are maintained and that ordering routines will stay unchanged.
Where will you manufacture going forward?
The Eldon factory in Brasov, Romania and the nVent Enclosures factory in Dzierzoniow, Poland will remain key manufacturing facilities in Europe.
Eldon’s European business and footprint are highly complementary to the nVent enclosures business, and this is a key reason why the combination of both businesses together is such a strong strategic fit. Eldon’s current manufacturing facility in Brasov, Romania, is highly automated and has over 800 skilled, dedicated colleagues that will continue to serve customers. Additional production capacity is available to support our future growth.
The nVent plant in Dzierzoniow, Poland will also remain a key manufacturing facility to service Europe with a special focus on nVent HOFFMAN branded products.
What will happen to the Eldon European warehouse ERP system?
Eldon’s warehouses throughout Europe will continue to offer the same service levels that you are used to getting from Eldon. The Eldon ERP system will remain in place for the foreseeable future. nVent and Eldon will continue maintaining excellent product availability and delivery precision in the future.
Is my sales agreement still valid?
We want to ensure a seamless transition for all customers. This means that sales agreements and pricing will remain intact to the greatest extent possible. At this time, Eldon’s legal entities will remain with the same company registration numbers. Over time, some parts of current sales agreements may change.
Will my contact or sales support change?
Our Customer Service organization will continue to service you from current locations. Your contacts for customer service and field sales will not change in the near future, but there may be locations where minor changes will be made to improve service levels between Eldon and nVent sales staff over time.
If there are changes, we will contact you well in advance to share the details.
Who should I contact if I have other questions?
If you have any questions or concerns, please get in touch with your regular contact. As Eldon and nVent become one organization, our goal is to demonstrate to you that we are bringing together the best of both worlds. All Eldon and nVent employees remain fully committed to bringing customers the same strong customer service and high-quality products as always.