Group, Acquisition |04.15.2008
Legrand continues expansion in emerging markets and VDI systems with the acquisition of Estap in Turkey
Legrand continues an active strategy of targeted, self-financed acquisitions, and today announced the acquisition of Estap, number one for VDI enclosures and cabinets in Turkey.
The move underscores Legrand’s accelerating expansion on emerging markets, which accounted for some 50% of its organic growth in 2007.
The acquisition of Estap reinforces the group’s position in Turkey, where it is a frontrunner in wiring devices and energy distribution.