Group, Acquisition |04.15.2008
Legrand accelerates expansion on emerging markets and in audio and video entry phones with the acquisition of HDL in Brazil
Actively continuing its strategy of targeted acquisitions, Legrand today announced its third transaction for the year with the purchase of the uncontested market leader in audio and video entry phones in Brazil. The acquisition is subject to the approval of the competent authorities. Following its recent acquisition of Estap in Turkey, the move further accelerates Legrand’s development on emerging markets, which accounted for 25% of consolidated net sales in 2007.