October 24, 2017 - Pentair plc (NYSE: PNR) today unveiled the name of its future Electrical company as nVent Electric plc ("nVent") and announced additional key leadership. The Company's separation into two independent, publicly-traded companies remains on track to be completed in the second quarter of 2018. As previously announced, the future Water company will retain the Pentair name.
From the start, Pentair has been a company driven by vision, while grounded in the practical application of the best available ideas. Many of our acquired businesses and their products have a rich history that dates back more than 150 years. Stemmed in innovation, these organizations have designed and engineered some of the most important flow management and heat solution products in the industry.
Spanning the globe and dating as far back as 1859, these product lines have been an integral part of the industrialization of many countries, helping to engineer industry operations in energy and processing - as well as establishing important infrastructure in the construction of power plants and water pipelines.
We are a company comprising innovators and entrepreneurs. From the first self-regulated heat cable (Raychem) to the first variable speed pool pump, we hold a number of patents for products essential to today's industries.