Group, Acquisition |05.25.2016
Legrand strengthens its positions in lighting control by acquiring CP Electronics
After announcing six acquisitions since the beginning of the year that together represent annual sales of around €130m, Legrand today announced the purchase of CP Electronics, the UK leader in energy-efficient lighting control.
Solutions from CP Electronics are a complement to Legrand’s current offering for the commercial market in the United Kingdom, where the group is among market leaders in overhead cable management, and in busbars and floor boxes following its 2008 acquisition of Electrak.
CP Electronics will also round out Legrand’s presence in energy-efficient lighting control, a market driven by the regular adoption of new energy codes and increased demand for energy-saving solutions. Legrand already holds leading positions in this growing market, notably in the United States with its subsidiary Wattstopper.
London-based CP Electronics has over 180 employees and reports annual sales of over €30m, of which around 90% in the United Kingdom.
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