Group, Acquisition |06.28.2017
Inside information Legrand pursues the reinforcement of its positions in digital infrastructure by acquiring Milestone AV Technologies LLC in the United States
Legrand today announced that it has signed an agreement to purchase US company Milestone AV Technologies LLC (“Milestone”), a frontrunner in Audio Video (AV) infrastructure and power, a high-value segment of the digital infrastructure market.
Milestone – Strong leading positions in high-value segments
- Attractive business driven by megatrends (100% of Milestone sales are in new business segments );
- Strong market positions, with over 75% of Milestone sales made with products #1 or #2 in their market;
- Well known, trusted and innovative brands with a best-in-class customer-centric approach;
- A knowledgeable and experienced management team;
- Highly complementary to Legrand’s existing positions in AV in the US (Middle Atlantic Products brand);
- In 2016, sales of $464m, adjusted operating margin of 21% and free cash flow at 12.5% of sales.
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