WEST HARTFORD, Conn.--(BUSINESS WIRE)--Legrand has signed a definitive agreement to acquire* Luxul Wireless, the #1 IP networking provider for professionally-installed, custom integration systems for residential and small-to-medium business (SMB) markets.
The explosive growth of IoT devices and automated systems throughout residential and SMB markets creates great demand for Luxul Wireless high-performance networks. As the leading networking provider in the market, Luxul Wireless will enable Legrand to capture this growing market demand.
Luxul Wireless networking solutions deliver the more powerful, resilient connected infrastructure that is critical to supporting the ever-increasing demand and reliability of countless connected systems, including Legrand home system’s technology. This will further establish Legrand’s leadership position in the home systems market.
The reliable performance, intuitive set up, superior customer support and cost-effectiveness of Luxul Wireless solutions will allow Legrand's installer customers to "own the network" and ensure the best possible user experience. Dealers/integrators will be able to capture more of the growing networking market through Luxul Wireless’s superior solutions, backed by a trusted, global leader that will be around for the long-term.
“A great user experience starts with a great network and Luxul Wireless is #1 in their market. Their solutions will become an essential component of Legrand’s On-Q and Nuvo home systems, as well as supporting countless other systems,” said John Selldorff, CEO, Legrand North & Central America. “This acquisition brings best-in-class network expertise to Legrand and leverages many channel synergies.”
About Legrand
Legrand is the global specialist in electrical and digital building infrastructures. Its comprehensive offering of solutions for use in commercial, industrial and residential markets makes it a benchmark for customers worldwide. Innovation for a steady flow of new products with high added value is a prime vector for growth, including in particular connectable products enhancing value in use. Legrand reported sales of $5.3 billion in 2015. Legrand has a strong presence in North America, with a portfolio of well-known product lines that include C2G, Cablofil, Electrorack, Middle Atlantic, Nuvo, On-Q, Ortronics, Pass & Seymour, QMotion, Quiktron, Raritan, Vantage, Watt Stopper, and Wiremold. Legrand is listed on Euronext Paris and is a component stock of indexes including the CAC40, FTSE4Good, MSCI World, ASPI, Corporate Oekom Rating and DJSI (ISIN code FR0010307819). www.legrand.com.
About Luxul Wireless
Luxul Wireless is a leading innovator of high performance IP networking solutions designed specifically for custom integrators of home control, AV, and IP-based security solutions. With extensive worldwide deployments in both residential and commercial environments, the Luxul Wireless networking family incorporates a full line of router, switch and wireless solutions that simplify design and deployment, while delivering a reliable and scalable network that is powerful, yet easy to install and manage. All Luxul Wireless products include free lifetime support, a three-year limited warranty and are available ONLY through industry-recognized distributors of residential and commercial integration products.
*Subject to standard conditions precedent
