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Social Responsability

12/21/2012 11:00 Legrand is distinguished for its "Responsible Supplier Relations"

On 20 December 2012, Legrand was awarded the "Responsible Supplier Relations" mark of approval.

Legrand is one of the first four companies to be granted this mark, which singles out companies in France that have demonstrated their commitment to balanced and sustainable supplier relationships. The award is valid for a three-year period and reflects the enforcement by Legrand of the 10 commitments for responsible purchasing set out in the charter of inter-company relations. Legrand was a contributor to the drafting of this guideline document and one of its very first signatories in 2010.

The recognition expressed by this award also consolidates the Group's Sustainable Development roadmap, in which one of the declared aims is to involve suppliers in its Sustainable Development approach. This is to be achieved especially through greater acknowledgement of social and environmental aspects in supplier assessment. The aim is also to train and support buyers in raising the level of requirements with regard to supplier selection and to increase their vigilance in terms of environmental performance of the proposed products.

Find out more about the sustainable purchasing initiative.

 

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Group

12/13/2012 15:00 Legrand Swifts cable tray tool a prize-winner at the 2012 Electrical Industry Awards

Legrand's Swifts cable tray universal bracket won the prizes for "Best Commercial / Industrial Innovation" and for "Overall Innovative Product of the Year" at the 2012 Electrical Industry Awards.

The Swifts universal bracket was designed to become indispensable to installers. Its flexibility allows this single item to replace a vast range of traditional cable tray fitting accessories.

This award provides recognition of the Legrand Group's successful strategy of dedicating on average between 4 and 5 % of sales each year to research and development. With over 2 000 people worldwide working in R&D, the Group currently holds more than 4 000 active patents.

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Group

11/26/2012 09:00 Legrand receives the "Alliance" prize as part of the French Business in China Awards

Represented by its General Manager China, Jean-Charles THUARD, Legrand was awarded the "Alliance" prize at the French Business in China Awards gala event in Beijing on Saturday November 24th, 2012. This award is attributed jointly by the French Trade and Industry Chamber in China and by the Paris Trade and Industry Chamber. It provides recognition of the long years of work consolidating the Group's presence and expansion on the Chinese market.

The "Alliance" prize rewards Legrand's ability to establish a variety of partnerships with manufacturers, wholesalers and local authorities throughout China, as well as its highly successful acquisition strategy in this market. 
 

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Social Responsability

11/20/2012 14:30 Legrand Group commitment to the prevention and recognition of disabilities

A new agreement on the prevention of disabilities and integration of disabled people, covering the 2012-2014 period, has been signed by the Group and the various trade union organisations in France.
This disability recognition approach naturally fits with the Group's sustainable development commitment to "Promote equal opportunities by better reflecting diversity in the management of human resources".

Legrand is strongly committed to initiatives targeting people with disabilities. Major concerns today include ensuring access to sustainable employment, through for example the adaptation of workstations to suit individual requirements. Awareness-raising events are also organised to encourage management to give greater recognition to disabilities, and to enable disabled people to benefit from genuine career management and promotional prospects.

Legrand currently employs 330 employees with disabilities in France, thereby exceeding the legal requirement in this respect.
 

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Group

11/15/2012 08:30 Legrand strengthens its positions in home systems in the United States by acquiring NuVo Technologies

Legrand announces the acquisition of NuVo Technologies, a specialist in multi-room audio systems in the United States
Legrand thus reinforces its positions in home systems and in new business segments more generally

After purchasing Numeric UPS in India, Aegide in the Netherlands and Daneva¹ in Brazil, Legrand is actively pursuing its strategy of targeted, self-financed acquisitions and today announced the purchase of NuVo Technologies, a US specialist in multi-room audio systems.

NuVo Technologies is an ideal complement to Legrand's existing home systems offer in the US, where it is already a frontrunner in both structured wiring for housing (OnQ and UStec) and top-of-the-range residential lighting controls (Vantage).
With a network of 40 distributors and around 1,000 dealers in the United States, NuVo Technologies will also strengthen Legrand's sales reach in the US market for home systems. Simultaneously, NuVo Technologies will build on Legrand's commercial network to accelerate its own growth in this promising market.

More broadly, Legrand is thus pursuing its expansion into new business segments (digital infrastructures, energy performance, home systems and wire-mesh cable management). These segments accounted for over 25% of total group sales at September 30, 2012, a proportion that has more than doubled in the past ten years.

Founded in 2002 and based in Hebron, Kentucky, NuVo Technologies is expected to report 2012 revenues of nearly USD 20 million, of which 65% in the United States.


¹ A joint venture agreement has been signed and is subject to the approval of Brazil’s competition authorities

Press release Download image (HD) [ + ]

Finance

11/08/2012 07:30 Results for the first nine months of 2012

Total growth in net sales: +5.9%
Adjusted operating margin: 20.3%
Rise in free cash flow: +16.7%

Gilles Schnepp, Chairman and CEO of Legrand, comments:
"Solid performances
In the first nine months of 2012, Legrand reported total growth in net sales of nearly +6%, underpinned by acquisitions (+5.4%) and a favorable exchange-rate effect (+2.1%), while the organic change in sales was -1.6%.
Over the same period, adjusted operating margin stood at 20.3% of sales (20.6% excluding acquisitions) and free cash flow rose nearly +17% to represent 13.4% of sales, enabling the group to fully self-finance its development.
These solid performances illustrate the quality of Legrand's commercial positions and its ability to keep pricing management under control, as well as the results of its policy of ongoing improvement in productivity, its capacity to adapt and its teams' responsiveness...

Press release Presentation Accounts [ + ]

Group

10/25/2012 10:00 BTicino contributes to the building of a school campus at Finale Emilia, recently affected by an earthquake

BTicino is actively involved in the construction of the new Sacred Heart school complex in the Italian town of Finale Emilia, near Modena, located in one of the areas most severely affected by the earthquake that occurred in May.
By providing the electrical material, BTicino has become a key player in this project centered on a building with surface space of 1600 m². It will be entirely made of wood, earthquake-proof and highly energy efficient. Once opened, it will accommodate 240 children aged between 2 and 6.
The project is due to be showcased by the wood industry federation Federlegno at the 2012 MADE Expo fair, via an exhibition including a scale model of the school, photos and videos of ongoing work, and testimony from some of the local children in Finale Emilia.

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Group

10/25/2012 10:00 Two BTicino projects singled out by the permanent design observatory ADI

Each year, Italy's Industrial Design Association (ADI) publishes the ADI Design Index, a list of outstanding design projects by Italian designers and design firms.
The ADI Design Index 2012 includes two BTicino projects: the "bedhead unit for healthcare establishments" and "LivingLight range individual plate packaging" were chosen respectively in the "Design for Work" and "Visual design" categories.
In 2011, the LivingLight range individual plate packaging already won the Packaging Oscar awarded by the Italian Institute of Packaging and Italian packaging consortium CONAI, as well as the WorldStar awarded by the World Packaging Organisation.
 

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Finance

10/18/2012 18:00 Maturity of syndicated loan extended to October 2017

Legrand today announced a one-year extension of its syndicated loan facility by all participating banks. The move extends the maturity of this €900 million revolving facility to October 2017.

More generally, over the past three years, Legrand has diversified its sources of financing and raised the maturity of its total gross debt to around eight years. This, in turn, has strengthened the group’s already very sound balance sheet structure, underpinned by a business model generating substantial cash and whose rating by Standard and Poor's was raised to A- last February.

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Social Responsability

10/02/2012 13:00 Legrand endorse the CAPIEL* Code of Conduct: "Driving our business in a sustainable way"

To guide and support market stakeholders towards excellence and long term value creation, CAPIEL’ members set themselves high level "standards" in the fields of Ethics, Environment protection and quality.

These are achieved by complying with the following principles.

CAPIEL members’ companies are committed to the sustainable development of their customers and more globally their markets and the planet.

They are committed to achieving year-on-year continuous improvement in each of these areas, focusing on long term value creation. These goals apply to the entire value chain, from suppliers to sales.

*CAPIEL is the Coordinating Committee for the Associations of Manufacturers of Switchgear and Controlgear equipments for industrial, commercial and similar use in the European Union. It is a broad-based group that represents many national associations of manufacturers.

Download CAPIEL Code of Conduct More information on the CAPIEL website [ + ]

Group

09/27/2012 11:00 Legrand on the move to support European Mobility Week

Legrand took part in the European Mobility Week organised between September 16th and 22nd under the authority of France's Ministry of Ecology, Sustainable Development and Energy. This year's main focus was placed on ways of encouraging employees to use alternative modes of transport such as car-pooling or public transport for their daily travel to and from work rather than using individual cars. Such an approach could reduce both environmental damage and the risk of road accidents.

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Group

09/27/2012 11:00 Legrand and Electriciens Sans Frontières, a lasting partnership

Legrand has been a partner of Electriciens Sans Frontières since 2007. This year, it launched a fund-raising campaign entitled "Electricity for health and education in Africa", involving a combination of charitable events and commercial operations. The takings will help fund ESF projects to provide power to schools and dispensaries in a number of African villages, mainly in Burkina Faso, Togo and Madagascar.
To find out more abou this partnership, click here
 

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Social Responsability

09/20/2012 15:00 Legrand confirmed in the FTSE4Good index

During the evaluation of September 2012, Legrand has once again been ranked in the FTSE4Good* index, after its first inclusion in 2007.

FTSE Group confirms that Legrand has been independently assessed according to the FTSE4Good criteria, and has satisfied the requirements to become a constituent of the FTSE4Good Index Series.

This provides recognition of the importance which the Legrand Group attaches to growing its business in compliance with non-financial criteria of corporate social and environmental responsibility, thereby placing people and the environment  at the centre of its strategy.

* Created by the global index company FTSE Group, FTSE4Good is designed to identify listed companies that are considered ethical and responsible.

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Social Responsability

09/14/2012 15:00 Legrand confirmed in the DJSI Europe index

Following annual assessment in September 2012, Legrand was recently confirmed as part of the Dow Jones Sustainability Index Europe of which it has been a component since 2010.

The DJSI Europe is a stock market index comprising European companies rated as the best performers in the areas constituting the Sustainable Development approach: Environmental, Social, Governance. Corporate performance evaluation is performed by the rating agency SAM (Sustainable Asset Management Indexes GmbH).

Legrand is also part of four other SRI (Socially Responsible Investment) indexes:  FTSE4 Good, Aspi Eurozone and Ethibel Sustainability Index (ESI) Excellence Europe and ECPI EMU Ethical Equity.

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Finance

07/27/2012 07:30 2012 first-half results

Sales up 5.5%
Adjusted operating margin at 20.5%
2012 targets confirmed

Gilles Schnepp, Chairman and CEO of Legrand, comments:
“Sales
Total group sales for the first half of 2012 rose 5.5%, with our policy of targeted, self-financed acquisitions contributing 5.4%. The organic change in sales was -1.3% due to a high basis for comparison in the first half of 2011, particularly in France. Expansion in new economies − where organic growth was over 5% − combined with a rise in sales in the United States offset trends observed in most mature economies in Europe. The exchange-rate effect accounted for +1.5% of sales growth...

 

Press release Presentation Accounts [ + ]

Group

07/12/2012 14:00 Legrand a winner at the Smart Grid Awards

For the second year running, the Group's solutions were showcased at this year's Smart Grid exhibition in Paris from 20th to 22nd June 2012. Legrand received an award in the Smart Building category for equipping an office building located at 8 rue Chaptal in Paris.

Legrand supplies user-friendly solutions that provide real-time information on building electrical power consumption in both residential and commercial premises, enabling occupants to adjust their installation in ways that will cut energy demand and consumption.

Click here to find out more about smart grids.

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Social Responsability

07/12/2012 14:00 Legrand in Dubai opens its facilities to Electriciens sans frontières (ESF), an NGO which has signed a partnership agreement with the Group

In supplying power to refugee camps in Somalia and Niger, logistics are crucial. This is why ESF decided to provide training for logistics experts at the Red Crescent and at medical humanitarian NGO WAHA (Women And Health Alliance).

To facilitate this initiative, Legrand Dubai offered its premises to accommodate these humanitarian organisations during their training course. Participants thus learned valuable knowledge in logistics while for some it was also an opportunity to discover Legrand or get to know the company better.
 

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Social Responsability

07/11/2012 10:00 Ethically compliant practices 2012

The 8th survey on sustainable development (8ª Pesquisa de Gestão Sustentável), organized by “Aequo Research Consulting”, ranked the Group’s Brazilian subsidiary, Cemar Legrand, second out of 114 companies in the “ethical practices” category. This reflects the total commitment of the Company and its stakeholders (employees, suppliers, clients) in terms of their responsibilities.

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Group

07/04/2012 14:00 Legrand distinguished at the CAC 40 AGM Awards 2012

At the awards ceremony in Paris on July 4th, Legrand was singled out for the quality of its 2012 Annual General Meeting.

Chairman and CEO Gilles Schnepp received the prize from the hands of Caroline de La Marnierre, Chairwoman of Capitalcom.

This award highlights the relevance and intelligibility of the company's communication towards its shareholders on the occasion of the 2012 AGM, qualities that have become even more essential since the company returned to membership of the CAC 40 stock market index. The jury gave special praise to the Group's clarity in explaining how its business model creates value, i.e. through a strong  innovation capacity, proven know-how in handling acquisitions, numerous market leadership positions and a strong presence in the new economies, all firmly anchored in a sustainable development policy.

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Group

06/13/2012 08:00 Legrand pursues expansion in new economies and signs joint venture agreement¹ with Daneva in Brazil

Legrand accelerates expansion in new economies by signing a joint venture agreement¹ with Daneva, Brazil’s leader in connection accessories
The acquisition reinforces Legrand’s already strong positions in Brazil and its presence with local retailers


After buying up Numeric UPS and Aegide, Legrand is actively pursuing its strategy of targeted, self-financed acquisitions of small and mid-size companies with leading market positions, and has announced the signature of a joint venture agreement¹ with Daneva in Brazil. The group has acquired a 51% equity interest, with an option to take full control from April 2014.

The acquisition of Daneva, uncontested leader of the Brazilian market for connection accessories (including extension cords, multi-sockets and adaptors), rounds out Legrand’s offering and existing strong positions in Brazil, where the group is already No. 1 in wiring devices, door entry systems, miniature circuit-breakers, industrial enclosures and UPS² .

More generally, Legrand plans to continue to expand in new economies, which account for around 38% of its total sales on an annual basis.

Based near Sao Paulo, Daneva has nearly 500 employees and reported sales of around €28 million in 2011.

 


 

¹ Subject to the approval of Brazil’s competition authorities
² UPS: Uninterruptible Power Supply


 

Press release Download image (HD) [ + ]

Group

06/12/2012 14:00 Shidean-Legrand proclaimed top supplier of video door entry systems

Shidean-Legrand, which has been part of the Legrand Group since 2006, was recently declared the best supplier of residential door entry systems in China for 2012, at the "China Real Estate Top 500" awards ceremony, an event jointly organised by three major players in the Chinese property market, the China Real Estate Research Association, the China Real Estate Association, and the China Real Estate Assessment Center.

During this ceremony, which was held at Beijing's International Trade Center, awards went to prime property developers on the Chinese market as well as to equipment manufacturers in different product categories.

In China, Legrand is the No. 1 in wiring accessories and a prominent player in structured cabling as well as door entry and home systems. The Group has a workforce of over 6000, facilities in Shanghai, Huizhou, Wuxi, Shenzhen, Beijing and Dongguan, and sales offices in more than fifty Chinese cities.

 

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Group

05/25/2012 17:45 Share buyback program approved by the combined ordinary and extraordinary general meeting of shareholders on may 25, 2012

The Board of Directors of Legrand (“the Company”) met on May 25, 2012 and agreed to set up a share buyback program as authorized by shareholders at the Ordinary and Extraordinary General Meeting held the same day.

Established in accordance with articles 241-1 and following of the General Regulation of French market supervisor AMF (Autorité des Marchés Financiers), this description is drawn up for the purpose of setting out the objectives and terms of Legrand’s share buyback program (“the Share Buyback Program”) approved by above-mentioned General Meeting of Shareholders...

Press release [ + ]

Group

05/25/2012 17:45 Changes in Board and Committees membership

The combined ordinary and extraordinary meeting of shareholders was held on May 25, 2012, chaired by Legrand Chairman and Chief Executive Officer, Mr. Gilles Schnepp. At the General Meeting, Legrand shareholders adopted resolutions including:
- Renewal of four-year terms for two independent directors, Mr. Gérard Lamarche and Mr. Thierry de La Tour d’Artaise.
- Appointment of Ms. Christel Bories and Ms. Angeles Garcia-Poveda to four-year terms as independent directors.

The Board has a total of twelve members, who now include five independent directors, three of them women...

Press release [ + ]

Finance

05/04/2012 07:30 2012 first-quarter results

Sales up 4.8%
Adjusted operating margin at 20.4%
2012 targets confirmed

Gilles Schnepp, Chairman and CEO of Legrand, comments:

« Sales
Group sales for the first quarter of 2012 showed a total rise of 4.8%, driven by an active acquisition policy that contributed 5.0%. Organic change in sales was -0.9% compared with very robust activity in the first quarter of 2011, particularly in France. Together, continued expansion in new economies, where organic growth was nearly 6%, and a rise in sales in the United States offset trends observed in most mature markets in Europe.

Results
Adjusted operating income came to €222 million or 20.4% of sales (20.8% excluding acquisitions) reflecting the group’s ability to:
- take account of the rising cost of raw materials and components consumed in sales price management
- keep expenses under control thanks to responsive teams and ongoing productivity initiatives.
These achievements confirm the soundness of Legrand’s business model and its ability to adapt.
...
 

Press release Accounts Presentation Webcast [ + ]

Social Responsability

04/20/2012 02:07 Legrand confirmed in the FTSE4Good* index

Legrand has once again been ranked in the FTSE4Good index for 2012, after its first inclusion in 2007. This provides recognition of the importance which the Legrand Group attaches to growing its business in compliance with non-financial criteria of corporate social and environmental responsibility, thereby placing  people and the environment  at the centre of its strategy.

* Created by the global index company FTSE Group, FTSE4Good is designed to identify listed companies that are considered ethical and responsible.

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Social Responsability

04/16/2012 14:02 Greenest AV Manufacturer

The American affiliate, Middle Atlantic, received this award from the digital communication company RAVE. This award thereby recognizes manufacturing processes designed to make products energy-efficient, as well as the choice of VOC-reducing technologies, and compliance with the RoHS directive on hazardous substances.

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Social Responsability

04/16/2012 12:00 Green Brand for Residential Building Materials 2012

The Group’s Chinese affiliate, TCL-Legrand International Electrical Co., Ltd, received this award from the Chinese Innovative Construction Materials Board. It singles out the Company’s green building initiatives.

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Social Responsability

04/16/2012 11:00 Excellent Supplier for Social Housing Project 2012

The Group’s Chinese affiliate, TCL-Legrand International Electrical Co.,Ltd, was awarded this distinction by the Organizing Committee of the Chinese forum for the development of the electrical construction industry in recognition of the Company’s reputation and expertise in social housing applications.

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Group

04/11/2012 19:15 Success for Legrand’s new euro bond issue

Legrand today successfully launched and priced its new euro-denominated bond issue, which is for €400 million over ten years. The maturity date is April 19, 2022 and the annual coupon is 3.375%.

With the order book quickly oversubscribed more than 2 times, the success of this new issue demonstrates once again investors’ confidence in the soundness of Legrand’s business model and the quality of the group’s financial structure as attested by its A- rating from Standard and Poor’s.

Following two successful bond issues in 2010 and 2011 and the renewal of the revolving facility of its syndicated loan in the second half of 2011, Legrand is continuing to successfully diversify its sources of financing and extend the maturity of its debt, strengthening further an already very sound balance sheet.
 

Press release [ + ]

Group

04/04/2012 10:00 Legrand wins the CEO/HR Best Tandem award 2012

Gilles Schnepp, Legrand's Chairman and Chief Executive Officer, and Xavier Couturier, Executive Vice-President Human Resources, jointly received the "positive duality" award at the 9th CEO/HR Best Tandem ceremony organised by RH&M.

This award provides recognition of the quality of the Group's Human Resources policy, which is driven by enthusiasm, a conquering spirit and the determination to innovate. It also reflects the strongly complementary profile  of these two senior managers operating in a very multifaceted Group in terms of its business activities, its staff profiles, its offerings, its facilities and its target markets.

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Group

04/02/2012 15:00 BTicino_news: a Twitter flow to follow BTicino news on real time

Bticino, a Legrand group subsidiary, announces today the launch of its Twitter news flow: Twitter : BTicino_News.
BTicino Twitter digital platform is first of all an information tool. It allows to be informed on real time of all news and events concerning BTicino around the world.
BTicino Twitter flow is available on: https://twitter.com/#!/bticino_news

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Group

03/12/2012 00:00 Legrand opens two new training facilities to support the development of the electrical trade

By providing training for all players in the electrical trade, from investors to installers, Legrand adds value to its solutions, and helps these professionals adapt to a constantly changing business. The purpose of Innoval, the Legrand Group's training provider for the residential and commercial markets, is to support all of these partners by helping them to acquire new skills in order to better understand the market. This is why Legrand recently boosted its offering by opening two new training centres close to Paris.

Press release [ + ]

Group

03/09/2012 12:00 Legrand opens an entirely new concept store in the heart of Brussels. A place to discover the Group's home systems offering

Today in Brussels, the Legrand Group is inaugurating its latest concept store, called «B Inspired», which follows on from openings in Paris and Milan within the last year. This move confirms Legrand's intention to provide spaces where the public can discover technology, and reflects its determination to innovate constantly while staying closely in touch with its customers.

These concept stores are designed to offer end users, architects, designers, distributors and contractors an original way to discover the wiring devices and home systems offerings available under the Legrand, Bticino and Vantage brands.

Press release Download image (HD) [ + ]

Social Responsability

03/09/2012 10:00 BTicino supports the Onlus Soomaaliya Association in the construction of a Paediatric and Teaching Hospital in Hargeisa

BTicino contributes to the construction of a Paediatric and Teaching Hospital, the Mohamed Aden Sheikh Teaching Hospital, promoted by the Onlus Soomaaliya Association together with the Specchio dei Tempi and Marco Berry Onlus foundations, in Hargesia, Somaliland.

Press release [ + ]

Group

03/07/2012 16:00 Proposed appointment of two new independent directors to the Board of Directors

The Legrand Board of Directors has decided, on the recommendation of the Nominating and Compensation Committee meeting on March 7, 2012, to submit to the General Meeting of shareholders to be held on May 25, 2012 a proposal for the appointment of two new independent directors, Ms Christel Bories and Ms Angeles Garcia-Poveda.

Following the appointment of Eliane Rouyer-Chevalier to Legrand's Board of Directors in 2011, the arrivals of Christel Bories and Angeles Garcia-Poveda, subject to the approval of these resolutions by shareholders at the next General Meeting, would raise the number of independent directors further, from three to five members, and increase the number of women on the Board from one to three.

Press release [ + ]

Group

02/23/2012 08:00 Legrand continues to expand in digital infrastructures by acquiring Aegide in the Netherlands

- Legrand announces the acquisition of Aegide, market leader in VDI (Voice, Data, Image) cabinets for data centers in the Netherlands and a front-running European contender in this market
- Legrand thus strengthens its positions in the fast-growing digital infrastructure segment

After purchasing Electrorack in the US, Legrand is pursuing its development in the data-center market and today announced the acquisition of Aegide, one of the major European contenders in data-center racks and cabinets. Aegide leads the Dutch market and has strong positions in several other European countries including Belgium, Switzerland and France.

Aegide’s product ranges (cabinets, racks and related products) are sold under the Minkels brand in particular and are an ideal complement to Legrand’s offer for data centers (wire-mesh cable management, modular UPS, busbars and VDI connectivity). Aegide’s sales network and expertise will also give Legrand access to the main European players in the fast-growing data-center market. Legrand is thus strengthening its positions in the digital infrastructure business, where prospects are very promising.

Based near Eindhoven, Aegide has 170 employees and sales of €36 million.

Press release Download image (HD) [ + ]

Social Responsability

02/14/2012 14:00 Legrand confirmed in the SAM “Sustainability Yearbook 2012”

The rating agency SAM(1) has just published the latest edition of its annual "Sustainability Yearbook". This benchmark guide acknowledges outstanding performances in terms of corporate social and environmental responsibility in each business sector and outlines the current sustainability strategies of many major global companies.
Among the 46 companies represented in the "Electrical Components and Equipment" sector, 21 were rated by SAM in 2011, and 8 – including Legrand – chosen as “Sustainability Leaders 2012".

(1) Sustainability Asset Management GmbH

Discover the Legrand green building solutions.
 

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Group

02/09/2012 19:45 Legrand steps up expansion in India and in the UPS market by acquiring Numeric UPS

- Legrand announces the acquisition2 of Numeric UPS, India’s market leader in low- and medium-power UPS1

- The acquisition reinforces Legrand’s positions in the new economies and in the fast-growing UPS1 market

Legrand is actively pursuing its strategy of development through self-financed acquisitions of small to medium-size businesses with leading positions in their markets, and today announced the acquisition2 of Numeric UPS, the UPS division of Numeric and India’s market leader for low- and medium-power UPS1 solutions.

The Numeric UPS acquisition, which follows Legrand’s purchase of Indo Asian Switchgear in July 2010, strengthens the group’s presence in India, where it already holds strong positions in miniature circuit breakers, distribution enclosures and high-end wiring devices. Numeric UPS brings Legrand a portfolio of quality products, strong brand awareness, and an extensive sales and service network of over 1,500 employees that covers the entire nation and rounds out the group’s reach in India. Legrand is thus strengthening its presence in a fast-growing market where it has recorded organic growth in sales averaging nearly 25% a year over the past decade.

The Numeric UPS transaction comes after Legrand’s acquisitions of Inform, Turkey’s number-one UPS provider; Meta System Energy, an Italian modular UPS specialist; and SMS, Brazil’s UPS leader, and continues the group’s expansion into the promising UPS market – a business line that offers an excellent fit with energy-distribution and energy-performance activities, two of the group’s growth areas.

Based mainly in Southeast India, Numeric UPS has eight production sites, a workforce of 2,500 and its sales reach nearly €80 million.
 

 

1UPS: Uninterruptible Power Supply
2The acquisition still requires corporate approval and has already received the unanimous support of Numeric’s Board of Directors

 

Press release Download image (HD) [ + ]

Finance

02/09/2012 07:30 2011 annual results

Performance in line with annual and medium-term targets
- Total annual growth in sales excluding exchange-rate effects: 11.2%, of which 6.4% organic growth
- Adjusted operating margin 20.2%
- Net income excluding minorities of €479 million and dividend per share of €0.93, up 6%
- Strong cash generation and sound balance sheet

Successful sales initiatives and improved medium-term growth profile

- Very positive response to numerous new product launches
- 35% of sales in new economies
- Close to 22% of sales in fast-growing new market segments

Press release Accounts Presentation Webcast [ + ]

Group

01/13/2012 08:30 Four new appointments to Legrand Executive Committee

At the suggestion of Gilles Schnepp, Legrand’s Chairman and Chief Executive Officer, the Group’s Executive Committee was expanded from 7 to 11 members effective January 1, 2012.
The new members are Antoine Burel, Group Vice President and Chief Financial Officer; Benoît Coquart, Group Vice President Strategy and Development; Xavier Couturier, Group Vice President Human Resources; and Fabrizio Fabrizi, Group Vice President Commercial Systems & Infrastructure Division. Each will draw on over 15 years of experience with the Group to contribute to Legrand’s development, working alongside the seven current members...

Press release [ + ]

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