Deal announced Mar 2014 · United States
Nortek to acquire Thomas & Betts HVAC business from ABB
Nortek signed a definitive agreement to acquire the HVAC business of Thomas & Betts (an ABB subsidiary) for approximately $260 million in an all-cash transaction, an equipment-manufacturer divestiture/acquisition.
“Nortek will pay approximately $260 million for Thomas & Betts’ HVAC business in an all-cash transaction.”
Entities
ABB · Parent Nortek Inc. · Acquirer Thomas & Betts Corp. · Target
Other
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