LIMOGES, France--(BUSINESS WIRE)--Regulatory News:
Legrand (Paris:LR) today announced its acquisition1 of Luxul Wireless, the US leader in audio/video infrastructures products2 for residential buildings and small- to mid-size commercial buildings.
With a high-end positioning, Luxul Wireless solutions are in particular an ideal complement to Legrand’s generalist US offering of structured cabling for housing (On-Q) and also round out the Group’s offering in the specialized and growing US market for audio and video applications, where Legrand leads the field in enclosures following its 2011 acquisition of Middle Atlantic Products.
More generally, the move strengthens Legrand’s positions in digital infrastructure, a market driven by rising demand for increasingly efficient networks as data flows within buildings are continuously increasing, a trend particularly linked to the steep rise in connected products.
Founded in 2000 and based in Draper, Utah, Luxul Wireless employs around 30 people and reports annual sales of over $20m, of which 90% in the United States.
Key financial dates
- 2016 first-quarter results: May 4, 2016
- General Meeting of Shareholders: May 27, 2016
- Ex-dividend date: May 31, 2016
- Dividend payment: June 2, 2016
- 2016 first-half results: August 1, 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 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
(ISIN code FR0010307819).
*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.
1 Subject to standard conditions precedent
2 Wireless routers, access points and switches