Group | 11.19.2019
Each year since 2011, EcoAct* has established a ranking of climate reporting performance among component stock companies of stock market indices including France’s CAC 40, the FTSE 100 in the UK, the Spanish IBEX 35 and the DOW 30 in the US.
Group | 10.30.2019
This policy is mainly structured around 5 objectives: gender diversity, inclusivity towards people with disabilities, intergenerational collaboration, Social and cultural diversity, inclusion of LGBT+ people.
group | 10.14.2019
The award was handed over on October 2nd, 2019 in Paris to Emmanuelle Levine, Group General Counsel.
This award is attributed annually by Labrador, the specialist of regulated communication, since 2008 on the basis of an assessment grid designed by an independent scientific committee, comprising 205 criteria.
Group | 08.29.2019
Legrand signed the Climate Manifesto on the occasion of the COP 21 in 2015, and the first version of the French Business Climate Pledge in 2017. Benoît Coquart, CEO, signed the French Climate Pledge on August 29th 2019, in the framework of the Rencontre des Entrepreneurs de France (LaREF), strengthening Legrand’s historically strong commitment to limiting the impact of its activities on the environment.
Groupe | 07.18.2019
The 14th edition of the Annual General Meeting Awards took place on July 10, 2019 during the Paris Europlace's International Financial Forum.
Legrand won the top prize in the 14th edition of the CAC 40 Annual General Meeting Awards organized by the Institut du Capitalisme Responsable.
Groupe | 06.12.2019
Legrand organized on June 12, 2019 an investor day in Paris with the participation of its entire Executive Committee and its specialists in connected products and digital infrastructure. It will be an opportunity for Legrand to come back on Eliot program’s very good showings at year-end 2018 and Netatmo’s contribution to developing the Group’s connected offering, while announcing new Eliot targets for 2022. Legrand also plans to continue to grow its leadership positions in digital infrastructure (notably in datacenters), a key field in deploying connected objects in buildings.
RSE | 05.02.2019
Legrand, the global specialist in electrical and digital building infrastructures, is today publishing its 4th CSR (Corporate Social Responsibility) roadmap, which sets out its CSR priorities for the 2019-2021 period. Following on from three highly successful previous roadmaps, today’s new step embodies the Group’s determination to support the development of buildings with a view to progress for its employees, for society and for the planet. This impetus is reflected both in the roadmap’s structure and timespan, and in its priority challenges.
Groupe | 04.10.2019 18:19
The Legrand Registration Document was filed on April 10, 2019 with the Autorité des marchés financiers. The reference document includes, in particular, the annual financial report, the report on corporate governance presented in a dedicated section of the management report of the Board of Directors on March 20, 2019 to the Annual General Meeting scheduled on May 29, 2019 (as well as the report of the Statutory Auditors) as well as the information relating to the fees paid to the statutory auditors.
The reference document is freely available to the public under the conditions provided for by the regulations in force and can be consulted via the links below.
Legrand uses acquisition-driven growth to fuel ongoing development and expand market share.
The Group takes a targeted approach to acquisition-driven growth, making bolt-on acquisitions of companies with leading positions. Over time, it has developed know-how and intends to pursue this strategy over the long term.
Executive VP, Corporate Development
172 companies acquired
since 1954
66 acquisitions
announced since 2004
Over €2.7bn in annual
acquired sales since 2004
Legrand takes a targeted approach to acquisitions, focusing on companies that complement its activities and have leading positions on buoyant markets, such as digital infrastructures, the Internet of Things, and energy efficiency.
In 2018 Legrand acquired Netatmo after being shareholder of the company since 2015. A French leader in connected objects for the home, Netatmo creates simple and smart objects to make homes safer and more comfortable. As part of “with Netatmo,” its program of partnerships with companies in the building industry, the company also designs smart solutions that fit into home infrastructure. In its partnership with Legrand, Netatmo has developed several solutions for managing the connected home, including Céliane with Netatmo and Living Now with Netatmo; both have been well received on their markets. By acquiring Netatmo, Legrand has strengthened its position in the smart home market and accelerated the growth of Eliot, its connected solutions program.
At year-end 2018, Legrand strengthened its positions in the US by acquiring Kenall, the American leader in lighting solutions for specialized applications and critical non-residential environments, such as hospitals, schools, public buildings, food processing facilities, tunnels and correctional facilities. This targeted acquisition rounds out Legrand’s frontrunner positions in the lighting solutions market in North America, which are built on architectural specification-grade offerings for non-residential buildings and highly energy-efficient lighting management systems, as well as innovative solutions that take circadian rhythms into account, such as the Group’s Digital Lighting Management and Human Centric Lighting offerings.
In 2018 Legrand bought Shenzhen Clever Electronic Co. Ltd, the Chinese leader in intelligent PDUs for data centers. The operation was a continuation of the Group’s strategy of acquiring companies that complement its activities, and rounded out its positions in a high added-value segment where Legrand was already number one in the United States through its Raritan and Server Technology brands.
A historical know-how
Along with innovation—with a steady stream of new, high value-added product launches—acquisitions have been a historical driver for Legrand’s growth.
Since 1954, the Group has thus bought 172 companies in its core businesses, in complementary segments and in the most promising technological areas.
And since 2004, it has made 66 acquisitions representing annual acquired sales of over €2.7 billion. In 2017, Legrand made in particular the largest acquisition in its history: Milestone AV Technologies, a US frontrunner in audio-video (AV) infrastructure and power.
AN ABILITY TO SEIZE OPPORTUNITIES
Legrand teams are constantly on the lookout for new acquisitions, using their in-depth knowledge of local players to identify likely candidates in a fragmented market.
Being close to markets is one key to the success of the Group’s acquisition policy. This makes it easier to locate and assess investment opportunities. It also makes the acquisition process go more smoothly, and facilitate the docking process.
In addition, a dedicated Corporate Development unit oversees the whole acquisition process. The team is more particularly in charge of coordinating action by Legrand’s various teams involved in an acquisition operation.
A WELL-ORGANIZED DOCKING PROCESS
Legrand has set up a clearly defined process with a timeframe for docking new acquisitions. The aim is to bring new companies into the Group smoothly, harnessing all possible synergies while enabling them to achieve their own growth potential.
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