nVent Electrical Plc , +1.71% announced Monday that it will pay $1.1 billion to ECM Investors LLC. This parent company of ECM Industries LLC is a manufacturer of Ilsco electric connectors, tools, test instruments and cable management gear. Beth Wozniak, CEO of nVent, stated that together with ECM, nVent could offer a broader range to customers, as well as to distributor partners. Premarket trades have seen a 2.5% increase in nVent stock. ECM Industries is a Wisconsin-based company with approximately 1,400 employees and $415 million in revenues.