The story
Founded in 1922 in Nässjö, Sweden, the original company, was called Elekto Ljus & Kraft, the name changed to AB Eldon-Verken in 1948.
Eldon is a portmanteau of the Swedish words el (electrical) and don (device).
Initially building electrical installation equipment and selling radios, the latest invention at the time, they soon began manufacturing a junction box designed for the use with electric ovens.
In 1963, the first acquisition was made with the take-over of their biggest competitor, Elektriska Osterman AB. Four years later, the Eldon-Osterman companies have merged under the common name of Eldon AB.
In 1967, the company expanded abroad, by opening sales offices in several European Countries, starting with the UK and Belgium.
The Dutch subsidiary was inaugurated in 1970 in the north of the Netherlands, in Drachten.
In 1999, Eldon AB was sold to EQT AB and in 2006, the new management team acquired the majority shareholding from EQT.
In July 2019, Eldon Enclosures was acquired by nVent Electric for $130 million in cash, and renamed to nVent Hoffman.
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Prior to the nVent acquisition, Eldon Enclosures was headquartered in Madrid, Spain. Product manufacturing was developed in several European production facilities and a plant in Umargam, India. The company had 6 distribution centers and was present in 45 countries.
From Wikipedia’s article on NVent Hoffman, shared under CC BY-SA 4.0.3