Legrand completes1 the acquisition of Raritan, Inc. in the United States
September 28 2015 - 11:58AM
Business Wire
Regulatory News:
Legrand (Paris:LR) today announced the completion1 of its
acquisition of Raritan, Inc., a frontrunner in intelligent PDUs2
and KVM3 switches in North America.
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).
Based on acquisitions already announced and their likely date of
consolidation, the total change in the scope of consolidation in
2015 should boost consolidated sales for the year by around
+1.5%4.
------------------------
1 Acquisition subject to standard conditions precedent when
announced in the press release dated June 16, 20152 PDU: Power
Distribution Unit3 KVM: Keyboard, Video and Mouse4 As noted on July
30, 2015, when first-half results were released, readers are
reminded that the change in the scope of consolidation estimated
for the full year of 2015 was +1.9% ; this was consistent with the
completion of the acquisition of Raritan, Inc. that, on July 30,
2015 was expected in the course of August 2015.
Key financial dates
- 2015 nine-month results: November 5,
2015
- 2015 full-year results: February 11,
2016
- 2016 first-quarter results: May 4,
2016
- General Meeting of Shareholders: May
27, 2016
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 offers, including in particular
connectable products enhancing value in use, 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
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version on businesswire.com: http://www.businesswire.com/news/home/20150928006267/en/
Investor Relations:LegrandFrançois Poisson, +33 (0)1 49
72 53 53Fax : +33 (0)1 43 60 54
92francois.poisson@legrand.frorPress Relations:Publicis
ConsultantsRobert Amady, +33 (0)1 44 82 46 31Mob : +33 (0)6 72 63
08 91robert.amady@consultants.publicis.fr
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