Legrand Announces the Acquisition of Power Bus Way in Datacenters in North America
03 Diciembre 2024 - 12:30AM
Business Wire
8 acquisitions announced since the beginning
of the year
Regulatory News:
Legrand (Paris:LR):
Power Bus Way is a leading North American specialist in
Cable Bus power busbars, primarily for datacenters.
Based in Toronto, Power Bus Way employs over 120 people and
generates an annual revenue of around €70 million, mainly in the
United States and Canada.
Power Bus Way is the fifth acquisition this year in the highly
promising datacenter segment, following Netrack in India, Davenham
in Ireland, Vass in Australia, and UPSistemas in Colombia.
Benoît Coquart, CEO of Legrand, commented:
"Today we are announcing the 8th external growth operation of
the year, with a cumulative annualized revenue of nearly €410
million, and Legrand's first acquisition in North America in the
datacenter grey space.
These acquisitions are a great illustration of our medium-term
growth ambitions, both in essential building infrastructures and in
offers related to the energy and digital transition."
KEY FINANCIAL DATES
- 2024 annual results : February 13, 2025 “Quiet period1”
starts : January 14, 2025
- 2025 first-quarter results : May 7, 2025 “Quiet period1”
starts : April 7, 2025
- General Meeting of Shareholders : May 27, 2025
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 (energy
and digital transition solutions: datacenters, digital lifestyles
and energy transition offerings).
Legrand reported sales of €8.4 billion in 2023. The company is
listed on Euronext Paris and is a component stock of the CAC 40,
CAC 40 ESG and CAC SBT 1.5 indexes. (code ISIN FR0010307819).
https://www.legrandgroup.com
Readers are invited to verify the authenticity
of Legrand press releases with the CertiDox app. Learn more at
www.certidox.com
______________________________ 1 Period of time when all
communication is suspended in the run-up to publication of
results.
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INVESTOR RELATIONS & FINANCIAL COMMUNICATION Ronan
MARC (Legrand) +33 1 49 72 53 53 ronan.marc@legrand.com
PRESS RELATIONS Lucie DAUDIGNY (TBWA) +33 6 77 20 71 11
lucie.daudigny@tbwa-corporate.com
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