Legrand: acquires two companies

(CercleFinance.com) - Legrand announces the acquisition of two companies in the datacenter sector, a fast-growing segment which should account for 15% of Group sales by 2023.


Davenham is an Irish specialist in low-voltage power distribution systems (protection, disconnection, measurement and energy distribution) for all types of datacenters, particularly hyperscale. Its offering also includes a range of commissioning and after-sales services.

Based in Dublin, Davenham employs 350 people and generates annual sales of almost 120 million euros, mainly in Europe and the United States.

VASS is Australia's leading manufacturer of busbars, mainly for data centers. Based in Ingleburn, Sydney, VASS employs around 40 people and generates annual sales of less than E10 million, mainly in Australia and the Asia-Pacific region

Benoît Coquart, Legrand's Chief Executive Officer, said, "We are very pleased to announce these acquisitions that will significantly complement our offering in the 'white' space (servers' room) with solid positions in the 'grey' space (technical room), in the very promising datacenters segment. With 10 acquisitions in that vertical over the past 5 years, Legrand confirms its growth acceleration strategy in a domain where we are a key player and very well positioned. Together with the three investments announced earlier this year (MSS, Enovation and Netrack), these acquisitions represent annual revenue of more than E200 million".


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