Group, Acquisition |02.09.2011
Legrand becomes no. 1 in France for assisted living following acquisition of Intervox Systèmes
Legrand announces its acquisition of Intervox Systèmes, the French leader for connected security systems
Legrand moves up to the top place in France for electrical systems dedicated to assisted living
Following its recent acquisitions of Indo Asian Switchgear and Inform in new economies, then MetaSystem Energy and Electrorack in new business segments, Legrand is continuing its strategy of targeted, self-financed acquisitions and today announced the acquisition of Intervox Systèmes, the French leader for connected security systems.
The transaction moves Legrand up to the top place in France for electrical systems dedicated to assisted living, a rapidly expanding market driven by both increasing demand among the elderly, who generally want to go on living independently in their own home, and from government authorities who encourage this approach as older people account for a fast-growing proportion of the population. According to Eurostat, the number of people aged over 65 is set to rise by over 40% from 2010 to 2030.
Legrand is already well placed on this very promising market, where it has developed a range of dedicated products such as easy-feet sockets , door-entry systems with teleloop to make buzzers and interphones more audible, lighting paths that turn on automatically to prevent falls, etc. These products designed to enhance quality of life for older people, will be well rounded out with the remote assistance terminals sold by Intervox Systèmes.
In 2010, Intervox Systèmes reported sales of €12 million and healthy margin.