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.