Legrand Pursues the Reinforcement of Its Positions in Digital Infrastructures by Acquiring(1) Raritan, Inc. in the United States

Regulatory News :

After acquiring Electrorack and Lastar in the United States, Aegide in the Netherlands, SJ Manufacturing in Singapore and Valrack in India, LEGRAND (Paris:LR) is strengthening its international presence in digital infrastructure by acquiring⁽¹⁾ Raritan, Inc. in the United States.

Raritan, Inc. is a frontrunner in intelligent PDUs and KVM switches in North America. Its arrival reinforces Legrand's US presence in IT, audio/video and datacenter distribution channels, where the group currently operates through a range of well-known brands (Ortronics, Electrorack, Quiktron, C2G, Middle Atlantic and Cablofil). In addition, Raritan's solutions are an ideal complement to Legrand's global offer in the growing market for digital infrastructure (racks, copper and fiber optic connectivity, modular UPS⁽⁴⁾, energy distribution and wire-mesh cable management).

This acquisition will help strengthen Legrand’s positions in digital infrastructure, a market offering promising prospects given the continuous rise in data volumes flowing through residential, commercial and industrial buildings, notably due to rapid growth of connected devices (Internet of Things).

New Jersey-based Raritan, Inc. has around 350 employees and annual revenues of some USD 114 million⁽⁵⁾, of which about 67% achieved in the United States—the group's largest national market in terms of sales.

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Key financial dates

• 2015 first-half results: July 30, 2015
• 2015 nine-month results: November 5, 2015

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 for a steady flow of new products with high added value and acquisitions are prime vectors for growth. Legrand reported sales of €4.5 billion in 2014. The company is listed on Euronext Paris and is a component stock of indexes including the CAC40, FTSE4Good, MSCI World, Corporate Oekom Rating and DJSI (ISIN code FR0010307819). www.legrand.com

⁽¹⁾ Subject to standard conditions precedent
⁽²⁾ PDU: Power Distribution Unit
⁽³⁾ KVM: Keyboard, Video and Mouse
⁽⁴⁾ UPS: Uninterruptible Power Supply
⁽⁵⁾ Headcount and sales figures excluding DCIM (Data Center Infrastructure Management) business, not purchased by Legrand

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