Legrand accelerates expansion in energy performance with the acquisition of Meta System Energy in Italy
Legrand announces the acquisition of Meta System Energy, an Italian company specialized in modular UPS(1).
Legrand is thus accelerating its expansion in new business segments, this time in energy performance.
Following its recent acquisitions of Indo Asian Switchgear, a key player in the Indian market for electrical protection devices, and Inform, Turkey's number-one contender in UPS, Legrand is continuing its strategy of targeted, self-financed acquisitions and today announced the purchase of Meta System Energy, an Italian company specializing in modular UPS.
Legrand is thus quickening the pace of development in the energy-performance sector, a rapidly expanding market where the group has recorded double-digit annual growth over the past decade, fueled in particular by continuing investment in innovation as well as the acquisitions of Alpes Technologies, EDM - Zucchini and, more recently, Inform.
Specialized in advanced modular UPS, Meta System Energy designs and produces systems for critical applications including data centers and financial institutions, which round out Inform's conventional UPS offering. Meta System Energy's expertise in power electronics and inverters for solar power applications will also boost the group's capacity to develop secured electrical equipment.
Based in Reggio nell'Emilia, Meta System Energy employs a staff of nearly 50 and its sales should exceed €16 million in 2010, with exports accounting for around a third of the total.
(1) UPS: Uninterruptible Power Supply