Colombian Expansion with UPSistemas Acquisition
Legrand, a global player in electrical and digital building infrastructures, recently added to its acquisition streak by acquiring UPSistemas in Colombia. This move marks Legrand’s seventh acquisition of the year, signaling an aggressive growth strategy in the face of changing market dynamics.
UPSistemas, based in Bogota, specializes in the integration, commissioning, maintenance, and monitoring of technical infrastructures, particularly in the realm of data centers. The Colombian company boasts an annual revenue of approximately €30 million, aligning with Legrand’s mission to enhance its capabilities and presence in the region.
Entry into the Australian Market with APP Acquisition
Legrand’s expansion efforts extend to the Australian market with the acquisition of Australian Plastic Profiles (APP), a prominent leader in cable management solutions for various building structures. With headquarters in Sydney, APP commands an annual revenue exceeding €100 million, catapulting Legrand into a position of strength in the Australian market.
This strategic move not only doubles Legrand’s size in Australia but also solidifies its foothold as a key player in the cable management sector, reinforcing its commitment to innovation and growth across diverse markets.
“We will maintain this momentum in the coming quarters as we continue to bolster our positions through targeted and complementary acquisitions,” remarked Benoît Coquart, Directeur général de Legrand (OTCPK:LGRDY), emphasizing the company’s dedication to sustained expansion and value creation for stakeholders.
Legrand’s strategic acquisitions underscore its proactive approach in navigating the evolving landscape of digital and electrical infrastructures, positioning itself as a frontrunner in delivering cutting-edge solutions to a global clientele.
With a history of successful acquisitions and a commitment to enhancing its portfolio, Legrand remains poised for continued growth and innovation in the ever-evolving industry.
