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09.03.2024 08:00Legrand announces the acquisitions of UPSistemas in Colombia and APP in Australia
7 acquisitions announced since the beginning of the year
Legrand is continuing its bolt-on acquisition strategy and announced two new acquisitions today.
UPSistemas is a Colombian specialist in the integration, commissioning, maintenance and monitoring of technical infrastructures, in particular for datacenters.
Based in Bogota, and employing more than 300 people, UPSistemas reports annual revenue of around €30 million.
After Netrack, Davenham and Vass, UPSistemas represents the fourth acquisition this year in the datacenter segment.
APP (Australian Plastic Profiles)1 is an Australian cable management (conduit) leader for all types of buildings.
Based in Sydney, Australian Plastic Profile employs approximately 250 people and generates an annual revenue of over €100 million. With this acquisition, Legrand doubles its size in Australia and becomes a major player in this leading market.
Benoît Coquart, Legrand’s Chief Executive Officer, commented:
"Our external growth is particularly vigorous this year, with 7 operations announced to date representing annualized revenue of nearly €350 million. We will maintain this momentum in coming quarters as we continue to strengthen our positions through targeted and complementary acquisitions."
1 Subject to standard conditions precedent.
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