Group, Acquisition |05.23.2011
Legrand steps up growth in digital infrastructure market by acquiring Middle Atlantic Products Inc. in the US
Legrand today announced the acquisition of Middle Atlantic Products Inc., North America’s leader in audio and video enclosures
The move strengthens Legrand’s positions in the fast-growing digital infrastructure market
After the recent acquisition of Electrorack, a US specialist in VDI (voice-data-image) cabinets for datacenters, Legrand is actively pursuing expansion in digital infrastructures and today announced the purchase1 of Middle Atlantic Products, orth America’s leader in audio and video enclosures.
Middle Atlantic Products Inc. will bring Legrand leading positions in a fast-growing segment with very promising prospects, along with a nationwide network of more than 3,500 integrators specialized in commercial and residential markets for which the group is already developing dedicated product lines (audio-video connectors, cable management systems, etc.). It will also reinforce Legrand’s commercial positions in verticals such as hotels and conference centers.
Middle Atlantic Products Inc. has operations in ew Jersey, Illinois, California and Canada. It employs a workforce of 520 and in 2010 reported sales of over USD 107 million and operating income in double digits.
In keeping with its strategy, Legrand is actively pursuing growth through targeted and self-financed acquisitions of leading contenders in fast-growing markets. In the past 12 months, seven high potential companies, all front runners, will have thus joined the group, representing annual sales of nearly €300 million
1 The completion of the transaction is subject to customary conditions precedent.