Group, Acquisition |07.09.2010
Legrand acquires Inform in Turkey
Legrand accelerates development in emerging markets and energy efficiency by acquiring Inform in Turkey
Legrand takes control of Inform, the undisputed leader for UPS in Turkey.
Legrand reinforces its presence in emerging markets and the promising energy efficiency sector.
Continuing its strategy of targeted acquisitions, Legrand today announced – subject to the approval of Turkish competent authorities – the acquisition of Inform, Turkey’s number-one contender in UPS1 and secured electrical equipment.
With this new move, Legrand is stepping up its expansion in emerging markets, which have now returned to their pre-crisis growth rate. In 2010, they should account for over 30% of consolidated sales, with margins in line with the group average. Inform reinforces Legrand's presence in Turkey, where the group already has leading positions in wiring devices, power distribution and cable management. Since its acquisition of Estap in 2008, Legrand has also been the country's uncontested leader in cabinets and enclosures for digital infrastructures...