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nVent Announces Completion of Separation from Pentair

LONDON--(BUSINESS WIRE)-- nVent Electric plc (NYSE:NVT) (“nVent”), a global leader in electrical connection and protection solutions, today announced the completion of its separation from Pentair plc (“Pentair”) and its launch as an independent, publicly traded company. nVent shares will begin “regular way” trading on the New York Stock Exchange on May 1, 2018, under the symbol “NVT.”

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Pentair Board Of Directors Approves Separation Of Nvent

LONDON, United Kingdom - April 3, 2018 - Pentair plc (NYSE: PNR) ("Pentair") today announced its board of directors has approved the previously announced spin-off of its Electrical business. The transaction will result in two independent, publicly traded companies: Pentair plc and nVent Electric plc ("nVent"). nVent ordinary shares are expected to begin trading on the NYSE on May 1, 2018.

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nVent Finance Prices Private Offering of Senior Notes

LONDON, United Kingdom - March 12, 2018 - Pentair plc (PNR) ("Pentair") announced today, in connection with the planned separation of its Electrical business through a spin-off of nVent Electric plc ("nVent"), that nVent Finance S.à r.l ("nVent Finance"), a subsidiary of Pentair that will become a subsidiary of nVent at the time of the completion of the separation, agreed to sell $300 million of 3.950% senior notes due 2023 and $500 million of 4.550% senior notes due 2028 (collectively, the "Notes").

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Pentair Announces Boards of Directors for Pentair and nVent Following Separation

LONDON, United Kingdom - February 27, 2018 - Pentair plc (PNR) ("Pentair" or "the Company") today announced the members of the boards of directors for Pentair and nVent Electric plc ("nVent") following completion of the separation of Pentair`s Electrical business, which will be operated as nVent. Pentair continues to target the completion of the separation on April 30, 2018.

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Pentair And nVent Electric To Host 2018 Investor And Analyst Day

LONDON, United Kingdom - February 12, 2018 - Pentair plc (PNR) announced today that it and nVent Electric, which is targeted to separate from Pentair`s Water business on April 30, 2018, forming two independent, publicly-traded companies, are hosting an Investor and Analyst Day in New York City on Tuesday, February 13, 2018. At such event, the senior management teams of both Pentair and nVent will discuss their respective strategies for creating two focused growth companies.

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