Legrand today announced that it has signed an agreement to purchase US company Milestone AV Technologies LLC (“Milestone”), a frontrunner in Audio Video (AV) infrastructure and power, a high-value segment of the digital infrastructure market.

Highlights:

Milestone – Strong leading positions in high-value segments
- Attractive business driven by megatrends (100% of Milestone sales are in new business segments );
- Strong market positions, with over 75% of Milestone sales made with products #1 or #2 in their market;
- Well known, trusted and innovative brands with a best-in-class customer-centric approach;
- A knowledgeable and experienced management team;
- Highly complementary to Legrand’s existing positions in AV in the US (Middle Atlantic Products brand);
- In 2016, sales of $464m, adjusted operating margin of 21% and free cash flow at 12.5% of sales.

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