Group, Acquisition |02.09.2012
Legrand steps up expansion in India and in the UPS market by acquiring Numeric UPS
- Legrand announces the acquisition2 of umeric UPS, India’s market leader in low- and medium-power UPS1
- The acquisition reinforces Legrand’s positions in the new economies and in the fast-growing UPS1 market
Legrand is actively pursuing its strategy of development through self-financed acquisitions of small to medium-size businesses with leading positions in their markets, and today announced the acquisition2 of umeric UPS, the UPS division of umeric and India’s market leader for low- and medium-power UPS1 solutions.
The Numeric UPS acquisition, which follows Legrand’s purchase of Indo Asian Switchgear in July 2010, strengthens the group’s presence in India, where it already holds strong positions in miniature circuit breakers, distribution enclosures and high-end wiring devices. umeric UPS brings Legrand a portfolio of quality products, strong brand awareness, and an extensive sales and service network of over 1,500 employees that covers the entire nation and rounds out the group’s reach in India. Legrand is thus strengthening its presence in a fast-growing market where it has recorded organic growth in sales averaging nearly 25% a year over the past decade.
The Numeric UPS transaction comes after Legrand’s acquisitions of Inform, Turkey’s number-one UPS provider; Meta System Energy, an Italian modular UPS specialist; and SMS, Brazil’s UPS leader, and continues the group’s expansion into the promising UPS market – a business line that offers an excellent fit with energy-distribution and energy-performance activities, two of the group’s growth areas.
Based mainly in Southeast India, Numeric UPS has eight production sites, a workforce of 2,500 and its sales reach nearly €80 million.
1UPS: Uninterruptible Power Supply
2The acquisition still requires corporate approval and has already received the unanimous support of umeric’s Board of Directors