LIMOGES, France--(BUSINESS WIRE)--Regulatory News:
Legrand (Paris:LR) today announced its eighth acquisition in 2016 with the purchase of Solarfective, a Canadian specialist in natural light control for commercial buildings. Following its acquisition of QMotion in the United States, Legrand thus further expands in North America in solutions for managing day light through control of automated shades—a market driven primarily by changes in energy codes and consumers’ increasing willingness to reduce their energy spending.
Solarfective’s solutions round out Legrand’s product offering in highly energy-efficient lighting control (Wattstopper) and QMotion’s solutions for natural light control. As such, they enable Legrand to offer solutions that combine artificial and natural lighting control for commercial and residential buildings.
Toronto-based Solarfective has 85 employees and annual sales of around €13m, of which 80% achieved in Canada and 20% in the United States.
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Key financial dates
- 2016 nine-month results: November 10, 2016
- Annual results: February 9, 2017
- General Meeting of Shareholders: May 31, 2017
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 a nearly 10-year CSR (Corporate Social
Responsibility) approach that involves all employees, Legrand is
pursuing its strategy of profitable and sustainable growth driven by
innovation, with a steady flow of new offerings—including Eliot*
connected products that enhance value in use—and acquisitions. Legrand
reported sales of more than €4.8 billion in 2015. The company is listed
on Euronext Paris and is a component stock of indexes including the
CAC40, FTSE4Good, MSCI World, Corporate Oekom Rating, DJSI, Vigeo
Euronext Eurozone 120 and Europe 120 and Ethibel Sustainability Index
Excellence
(ISIN code FR0010307819).
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, the Eliot program aims to develop connected
and interoperable solutions that deliver lasting benefits to private
individual users and professionals.
http://www.legrand.com/EN/eliot-program_13238.html
