nVent Electric plc (NYSE:NVT) is seeking M&A. Sara Zawoyski Chief Financial Officer said during the Citi Industrial Tech and Mobility Conference, "Just in terms of capital allocation, we continue to prioritize growth when it comes to capital allocation. We operate in a very large $90 billion addressable opportunity space, it's very fragmented, and we continue to see M&A as a big driver of our growth going forward. So all in, we're very pleased with our performance in 2023 on top of several years of excellent performance from a financial perspective.

We expect to see strong sales and profit growth here in 2024. And we believe our future is bright here at nVent.