- Legrand Announces the Acquisition2 of Numeric UPS, India's Market Leader in Low- and Medium-Power UPS1
- the Acquisition Reinforces Legrand's Positions in the New Economies and in the Fast-Growing UPS1 Market
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
Contacts:
Legrand
Investor Relations
Francois Poisson, +33
(0)1 49 72 53 53 /+33 (0)1 43 60 54 92 (fax)
Francois.Poisson@legrand.fr
or
Publicis
Consultants
Press Relations
Vilizara Lazarova, +33
(0)1 44 82 46 34/+33 (0)6 26 72 57 14
Vilizara.Lazarova@consultants.publicis.fr
