Legrand Announces 2 Acquisitions in Datacenters, with Keydak in China and TES in the United Kingdom

LIMOGES, France--(BUSINESS WIRE)--Regulatory News:

Legrand (Paris:LR) is pursuing its active bolt‑on acquisition strategy with the announcement of two new transactions in datacenters:

- Keydak¹, a leading Chinese rack manufacturer based in Guangzhou. The company employs more than 330 people and generates annual revenue of more than €60 million.

- TES, a European specialist in power distribution systems, with more than half of its revenue derived from datacenters. Based in Cookstown, United Kingdom, the company employs 280 people and generates close to €85 million in annual revenue.

Benoît Coquart, Legrand’s Chief Executive Officer; commented:
“These two new transactions strengthen our positions in the datacenter market, both in compute infrastructure (around the chip) and in critical power.
With these announcements, a total of four acquisitions have been announced this year, all in datacenters, which accounted for 26% of our revenue at the end of 2025. Together, these acquisitions represent around €285 million in additional annual revenue and reflect the consistent execution of our strategic roadmap towards 2030.”

-----------------

Key financial dates

• 2026 first-quarter results: : May 7, 2026
  “Quiet period²” starts : April 7, 2026
• General Meeting of Shareholders : May 27, 2026
• Ex-dividend date : May 29, 2026
• Dividend payment : June 2, 2026
• 2026 first-half results : July 29, 2026
  “Quiet period¹” starts : June 29, 2026

About Legrand

Legrand is the global specialist in electrical and digital building infrastructures. Its comprehensive offering of solutions for residential, commercial, and datacenter markets makes it a benchmark for customers worldwide.

The Group harnesses technological and societal trends with lasting impacts on buildings with the purpose of improving life by transforming the spaces where people live, work and meet with electrical, digital infrastructures and connected solutions that are simple, innovative and sustainable.

Drawing on an approach that involves all teams and stakeholders, Legrand is pursuing a strategy of profitable and responsible growth driven by acquisitions and innovation, with a steady flow of new offerings that include products with enhanced value in use.

Legrand reported sales of €9.5 billion in 2025. The company is listed on Euronext Paris and is a component stock of the CAC 40, CAC 40 ESG and CAC Transition Climat indexes (code ISIN FR0010307819).

https://www.legrand.com

¹ Subject to customary closing conditions
² Period of time when all communication is suspended in the run-up to publication of results

Readers are invited to verify authenticity of press releases by Legrand with the CertiDox app. More information on www.certidox.com