Legrand Strengthens Its Positions in Digital Infrastructure by Purchasing1 Server Technology, Inc.
22 Junio 2017 - 12:30AM
Business Wire
Regulatory News:
Legrand (Paris:LR) is pursuing its development with bolt-on2
acquisitions and today announced the purchase1 of Server
Technology, Inc., a US frontrunner in intelligent PDUs3 for
datacenters.
Legrand is already present in the datacenter market through
companies specializing in VDI4 cabinets (Ortronics, Electrorack and
AFCO Systems Group in the United States, Aegide/Minkels in the
Netherlands, SJ Manufacturing in Singapore and Valrack in India),
in PDUs3 as well as KVM5 switches and their applications (Raritan
in the United States) and in pre-terminated solutions
(Lastar/Quiktron in the United States). The Group thus rounds out
its product offering in the buoyant datacenter market by adding
Server Technology, Inc.’s range of intelligent PDUs3.
More generally, Legrand is strengthening its presence in the
growing market for digital infrastructure, one of the Group’s four
buoyant new business segments6, driven by the rise in data flow
volumes, linked in particular to growth in connected objects and
rising demand for ever more energy-saving solutions.
Based in Reno, Nevada, Server Technology, Inc. has some 200
employees and annual revenues of over $110 million.
1 Subject to standard conditions precedent.2 Acquisitions that
complement Legrand’s activities.3 PDU: Power Distribution Unit.4
Voice-Data-Image.5 KVM: Keyboard, Video and Mouse.6 Digital
infrastructure, energy efficiency, assisted living and home
systems.
------------------------
Key financial dates
- 2017 first-half results: July 31,
2017 “Quiet period1” starts July 3, 2017
- 2017 nine-month results: November 7,
2017 “Quiet period1” starts October 7, 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 an approach that
involves all teams and stakeholders, Legrand is pursuing its
strategy of profitable and sustainable growth driven by
acquisitions and innovation, with a steady flow of new
offerings—including Eliot* connected products with enhanced value
in use. Legrand reported sales of more than €5 billion in 2016. The
company is listed on Euronext Paris and is a component stock of
indexes including the CAC 40, FTSE4Good, MSCI World, Corporate
Oekom Rating, DJSI World, Vigeo Euronext Eurozone 120, Europe
120-France 20 and World 120, and Ethibel Sustainability Index
Excellence.(ISIN FR0010307819).http://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
1 Period of time when all communication is suspended in the
run-up to publication of results.
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Investor relationsLegrandFrançois PoissonTel: +33 (1) 49
72 53 53francois.poisson@legrand.frorPress relationsPublicis
ConsultantsVilizara LazarovaTel: +33 (0)1 44 82 46 34Mob: +33 (0)6
26 72 57 14vilizara.lazarova@consultants.publicis.frorEloi
PerrinTel: +33 (0)1 44 82 46 36Mob: +33 (0)6 81 77 76
43eloi.perrin@consultants.publicis.fr
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