Legrand Pursues Expansion in Digital Infrastructures with the Purchase1 of Universal Electric Corporation in the United States
19 Février 2019 - 06:00PM
Business Wire
Regulatory News:
Legrand (Paris:LR) continues its strategy of
bolt-on2 acquisitions and today announced the
purchase1 of Universal Electric Corporation, the
undisputed leader in busways3 for data centers in the
United States.
Legrand already has a strong presence in the US data center
market, with front-runner positions in Voice-Data-Image cabinets
(Electrorack, AFCO Systems), structured cabling (Ortronics), PDUs4
(Raritan, Server Technology) and KVMs5 (Raritan), as well as
pre-terminated solutions (Lastar/Quiktron). It is now expanding its
positions in this promising market with the acquisition1 of
Universal Electric Corporation, the undisputed US leader in
busways3. Universal Electric Corporation’s solutions – mostly sold
under the Starline brand, a true benchmark for the market – have
long been known for their quality, ease of installation and ease of
use. They round out Legrand’s data center offering, thus
positioning the Group to offer comprehensive solutions to
infrastructure needs in white rooms.
More generally, Legrand continues to expand its presence in the
buoyant digital infrastructure market, a business that is driven by
the steady rise in worldwide data flows, and one where the Group
already holds leading positions in many countries.
Based near Pittsburgh (state of Pennsylvania), Universal
Electric Corporation has more than 450 employees and annual
sales of over $175 million, of which 90% are made within the United
States.
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KEY FINANCIAL DATES
- 2019 first-quarter results: May 2,
2019“Quiet period1” starts April 2, 2019
- General Meeting of Shareholders: May
29, 2019
- Ex-dividend date: June 3,
2019
- Dividend payment: June 5,
2019
- 2019 first-half results: July 30,
2019“Quiet period1” starts June 30, 2019
ABOUT LEGRAND
Legrand is the global specialist in electrical and digital
building infrastructures. Its comprehensive offering of solutions
for commercial, industrial and residential markets makes it a
benchmark for customers worldwide. Drawing on an approach that
involves all teams and stakeholders, Legrand is pursuing its
strategy of profitable and sustainable growth driven by
acquisitions and innovation, with a steady flow of new
offerings—including Eliot* connected products with enhanced value
in use. Legrand reported sales of close to €6 billion in 2018. The
company is listed on Euronext Paris and is notably a component
stock of the CAC 40 index.(code ISIN
FR0010307819)https://www.legrand.com
*Eliot is a program launched in 2015 by Legrand to speed up
deployment of the Internet of Things in its offering. A result of
the group’s innovation strategy, Eliot aims to develop connected
and interoperable solutions that deliver lasting benefits to
private individual users and
professionals.www.legrand.com/en/group/eliot-legrands-connected-objects-program
1 Subject to standard conditions precedent.2 Companies that
complement Legrand’s activities.3 Electric power distribution
systems based on metal busbars.4 PDU: Power Distribution Unit.5
KVM: Keyboard, Video and Mouse.
1 Period of time when all communication is suspended in the
run-up to publication of results.
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Investor relationsLegrandFrançois PoissonTel: +33 (0)1 49
72 53 53francois.poisson@legrand.fr
Press relationsPublicis ConsultantsVilizara LazarovaTel:
+33 (0)1 44 82 46 34Mob: +33 (0)6 26 72 57
14vilizara.lazarova@consultants.publicis.fr
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