LIMOGES, France--(BUSINESS WIRE)--Regulatory News:
Legrand (Paris:LR) is actively pursuing its development in the United States, the group’s #1 country by sales, and today announced the acquisition of QMotion, a specialist in natural light control for residential buildings.
QMotion offers solutions for managing day light through wireless local or remote control of automated shades, a market driven primarily by changing energy codes and consumers’ increasing willingness to reduce their energy consumption.
QMotion’s solutions are an ideal complement to Legrand’s lighting control offer in the United States, where the group holds leading positions in highly energy-efficient lighting control (Wattstopper) and high-end residential lighting control (Vantage). They will thus enable Legrand to offer solutions for both artificial and natural lighting control.
Based in Florida, QMotion has 80 employees and annual sales of around $16 million, of which 80% achieved in the United States.
Key financial dates
- 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 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 €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
*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.