LIMOGES, France--(BUSINESS WIRE)--Regulatory News:
Legrand (Paris:LR) today announced the completion1 of its acquisition of Raritan, Inc., a frontrunner in intelligent PDUs2 and KVM3 switches in North America.
This acquisition will help strengthen Legrand’s positions in digital infrastructure, a market offering promising prospects given the continuous rise in data volumes flowing through residential, commercial and industrial buildings, notably due to rapid growth of connected devices (Internet of Things).
Based on acquisitions already announced and their likely date of consolidation, the total change in the scope of consolidation in 2015 should boost consolidated sales for the year by around +1.5%4.
1 Acquisition subject to standard conditions precedent when
announced in the press release dated June 16, 2015
2 PDU: Power Distribution Unit
3 KVM: Keyboard, Video and Mouse
4 As noted on July 30, 2015, when first-half results were released, readers are reminded that the change in the scope of consolidation estimated for the full year of 2015 was +1.9% ; this was consistent with the completion of the acquisition of Raritan, Inc. that, on July 30, 2015 was expected in the course of August 2015.
Key financial dates
- 2015 nine-month results: November 5, 2015
- 2015 full-year results: February 11, 2016
- 2016 first-quarter results: May 4, 2016
- General Meeting of Shareholders: May 27, 2016
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 offers, including in particular connectable products enhancing value in use, and acquisitions are prime vectors for growth. Legrand reported sales of €4.5 billion in 2014. The company is listed on Euronext Paris and is a component stock of indexes including the CAC40, FTSE4Good, MSCI World, Corporate Oekom Rating and DJSI (ISIN code FR0010307819). www.legrand.com