Legrand Announces the Acquisitions of UPSistemas in Colombia and APP in Australia
03 9월 2024 - 3:00PM
Business Wire
7 acquisitions announced since the beginning
of the year
Regulatory News:
Legrand (Paris:LR) 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, Directeur général de Legrand, 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."
Key financial dates
- 2024 Capital Markets Day : September 24, 2024 – London
(UK)
- 2024 nine-month results : November 7, 2024 “Quiet
period2” starts : October 8, 2023
- 2024 annual results : February 13, 2025 “Quiet period1”
starts : January 14, 2025
- General Meeting of Shareholders : May 27, 2025
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.
The Group harnesses technological and societal trends with
lasting impacts on buildings with the purpose of improving life by
transforming the spaces where people live, work and meet with
electrical, digital infrastructures and connected solutions that
are simple, innovative and sustainable.
Drawing on an approach that involves all teams and stakeholders,
Legrand is pursuing its strategy of profitable and responsible
growth driven by acquisitions and innovation, with a steady flow of
new offerings—including products with enhanced value in use (faster
expanding segments: datacenters, connected offerings and energy
efficiency programs).
Legrand reported sales of €8.4 billion in 2023. The company is
listed on Euronext Paris and is notably a component stock of the
CAC 40, CAC 40 ESG and CAC SBT 1.5 indexes. (code ISIN
FR0010307819). https://www.legrandgroup.com
__________________________ 1 Subject to standard conditions
precedent. 2 Period of time when all communication is suspended in
the run-up to publication of results.
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version on businesswire.com: https://www.businesswire.com/news/home/20240902920632/en/
Investor relations & financial communication Ronan
MARC (Legrand) +33 1 49 72 53 53 ronan.marc@legrand.com
Press relations Lucie DAUDIGNY (TBWA) +33 6 77 20 71 11
lucie.daudigny@tbwa-corporate.com
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