Regulatory News:
LEGRAND (Paris:LR) 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 Numeric UPS, the UPS division of
Numeric 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. Numeric
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.
Key financial dates
-
2012 first-quarter results: May 4, 2012
-
Annual General Meeting: May 25, 2012
-
2012 first-half results: July 27, 2012
ABOUT LEGRAND
Legrand is the global specialist in electrical and digital building
infrastructures. Its comprehensive offering of solutions for use in
commercial, industrial and residential markets makes it a benchmark for
customers worldwide. Innovation, regular launches of high added value
product and acquisitions are all prime vectors for growth. Legrand
reported sales of more than €4.2 billion in 2011. The company is listed
on NYSE Euronext and is a component stock of indexes including the CAC
40, FTSE4Good, MSCI World, ASPI and DJSI (ISIN code FR0010307819).
www.legrand.com
1 UPS: Uninterruptible Power Supply
2 The acquisition still requires corporate approval and has
already received the unanimous support of Numeric’s Board of Directors
