WEPs | 03.09.2020
On International Women Rights Day, Legrand reasserts its commitment to gender equality by supporting the Women Empowerment Principles (WEPs) defined by UN Women and Global Compact.
| 02.27.2020 08:00
Building on its growth momentum through the acquisition of front-runners, Legrand today announced the purchase of Focal Point, strengthening solid positions in specification-grade architectural lighting solutions for commercial buildings in the United States.
Group | 02.13.2020
As an inclusive company, Legrand attended the second edition of the autre cercle – Ifop held on February 12, 2020 in Paris.
Group | 01.28.2020
Since June 2019, Legrand, and six other partners representing the whole construction value chain, has joined Sekoya: Eiffage Group and Impulse Partners’ initiative to bring their expertise in carbon emission reduction and promote the use of carbon-free solutions.
CES 2020 | 01.06.2020
Legrand takes part in CES (Consumer Electronic Show). All the teams are very proud to show new connected experiences.
CES 2020 | 01.06.2020
Legrand is taking part in Unveiled at CES2020 in Las Vegas to announce Drivia with Netatmo: its first smart electrical panel for the residential sector.
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
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.
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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