Group, Acquisition |11.15.2012
Legrand strengthens its positions in home systems in the United States by acquiring NuVo Technologies
Legrand announces the acquisition of uVo Technologies, a specialist in multi-room audio systems in the United States
Legrand thus reinforces its positions in home systems and in new business segments more generally
After purchasing umeric UPS in India, Aegide in the etherlands and Daneva¹ in Brazil, Legrand is actively pursuing its strategy of targeted, self-financed acquisitions and today announced the purchase of uVo Technologies, a US specialist in multi-room audio systems.
uVo Technologies is an ideal complement to Legrand's existing home systems offer in the US, where it is already a frontrunner in both structured wiring for housing (OnQ and UStec) and top-of-the-range residential lighting controls (Vantage).
With a network of 40 distributors and around 1,000 dealers in the United States, uVo Technologies will also strengthen Legrand's sales reach in the US market for home systems. Simultaneously, uVo Technologies will build on Legrand's commercial network to accelerate its own growth in this promising market.
More broadly, Legrand is thus pursuing its expansion into new business segments (digital infrastructures, energy performance, home systems and wire-mesh cable management). These segments accounted for over 25% of total group sales at September 30, 2012, a proportion that has more than doubled in the past ten years.
Founded in 2002 and based in Hebron, Kentucky, uVo Technologies is expected to report 2012 revenues of nearly USD 20 million, of which 65% in the United States.
¹ A joint venture agreement has been signed and is subject to the approval of Brazil’s competition authorities