When did Pentair spin off its electrical division?
When did Pentair spin off its electrical division? In May 2018, Pentair created a spin off company to take control of its electrical division named nVent. The electrical division of Pentair did over $2.1 billion in revenue in 2016. nVent went public on the NYSE on May 1, 2018. How many people are employed by Pentair Industries? Its fiscal year 2017 revenues were US$2.8 billion and it employs approximately 10,000 people worldwide. Pentair was founded in August 1966 as Pentair Industries, Inc., with the name derived from the Greek root word "penta-" (alluding to the company's five founders), and went...