Legrand (Euronext - FR0010307819 – LR) and Cogelec (Euronext Growth - FR0013335742 - ALLEC) announce, following the execution on July 31, 2025 of a share purchase agreement between Legrand France, a subsidiary of Legrand, on the one hand, and the managers of the Cogelec group and Raise Investissement, shareholders of Cogelec Développement, on the other hand, the completion of the acquisition by Legrand France, on October 7, 2025, of all the shares of Cogelec Développement, which indirectly holds 5,347,065 Cogelec shares, representing a total of 60.09% of the share capital and 75,07% of the voting rights in Cogelec, based on a price of 29 euros per Cogelec share. 

Legrand France will soon file a draft mandatory simplified tender offer to acquire the remaining shares of Cogelec that it does not indirectly hold at a price of 29 euros per Cogelec share. In the event that the thresholds allowing it are crossed at the end of the tender offer, Legrand France would request the implementation of a squeeze-out procedure under the applicable legal and regulatory conditions in order to acquire the Cogelec shares not acquired during the tender offer. 

To reflect Legrand's acquisition of the controlling stake in Cogelec, the composition of Cogelec's board of directors has been adjusted and now consists of four directors representing Legrand (Ms. Emmanuelle Levine, Mr. David Descamps, Mr. Yriex Roullac and Mr. Franck Lemery) and three historical directors (Mr. Roger Leclerc, Ms. Dominique Druon and Ms. Brigitte Geny, these two latter being independent directors). 

Mr. Roger Leclerc will continue to serve as Chairman and Chief Executive Officer until the appointment of a new Chief Executive Officer no later than December 31, 2025. He will also continue to serve as Chairman of the board of directors until June 30, 2026.

Legrand announces the acquisition of Avtron Power Solutions² in the United States, a global leader in load banks¹ and power quality solutions for datacenters and other critical applications

Based in Cleveland, Ohio (USA), Avtron is a leading global provider of load banks and power quality solutions that serve a wide range of high-growth markets, like datacenters, where reliable delivery of power is required. The company is expected to generate nearly $350 million in revenue in 2025, with high profitability. Avtron employs 600 people and operates five manufacturing sites across North America and Europe.

With a commitment to innovation and quality, Avtron delivers dependable solutions for datacenters, healthcare facilities, renewable energy applications and industrial manufacturing sites to ensure that critical power is available when it’s needed by customers worldwide.

Specializing in critical applications, the company generates nearly half of its revenue from datacenters, for which it has launched the industry’s leading portfolio of load banks, including increasingly popular liquid- cooled options designed to keep up with the demands of high-density Artificial Intelligence loads in datacenters.

With over 70% of its revenue generated in the United States, this acquisition significantly strengthens Legrand’s presence in energy transition-related solutions, particularly in fast-growing verticals such as datacenters grey room, microgrids, and healthcare.

With an enterprise value of $1.125 billion, the terms of this acquisition comply with the Group’s financial criteria in terms of valuation multiples and value creation.


Benoît Coquart, Legrand’s Chief Executive Officer, commented:
“We are thrilled to announce the acquisition of Avtron Power Solutions, the global leader in load banks. In line with our Ambition 2030 plan, this transaction marks a strategic step forward in the energy transition space, particularly in datacenters which already accounted for 24% of our revenue in the first half of 2025.”

¹ Load banks: equipment that simulates an electrical load to test the reliability of power supply systems
² Subject to customary closing conditions, including regulatory approvals