Legrand: Milestone Acquisition Closed
02 Agosto 2017 - 3:07AM
Business Wire
Regulatory News:
Legrand (Paris:LR) announced today the closing of the
acquisition of Milestone AV Technologies LLC (“Milestone”), a
frontrunner in Audio Video (AV) infrastructure and power.
The acquisition of Milestone allows Legrand to further
strengthen its positions in digital infrastructure, more
specifically in the high-value AV infrastructure and power segment
in the United States.
Milestone’s solid positions – with over 75% of sales
representing products ranked #1 in their market – round out
Legrand’s existing positions under the Middle Atlantic Products
brand.
Milestone is based in Eden Prairie (Minnesota) and reported
sales of $464 million in 2016. It has around 1,000 employees.
For more information on the Milestone purchase, we invite
readers to consult the press release announcing the acquisition and
the presentation published on June 28, 2017 – Both are available on
the Group website www.legrand.com.
----------------------
KEY FINANCIAL DATES:
- 2017 nine-month results: November 7,
2017“Quiet period1” starts October 7, 2017
- 2017 annual results: February 8,
2018“Quiet period1” starts January 9, 2018
- General Meeting of Shareholders: May
30, 2018
ABOUT LEGRAND
Legrand is the global specialist in electrical and digital
building infrastructures. Its comprehensive offering of solutions
for commercial, industrial and residential markets makes it a
benchmark for customers worldwide. Drawing on an approach that
involves all teams and stakeholders, Legrand is pursuing its
strategy of profitable and sustainable growth driven by
acquisitions and innovation, with a steady flow of new
offerings—including Eliot* connected products with enhanced value
in use. Legrand reported sales of more than €5 billion in 2016. The
company is listed on Euronext Paris and is a component stock of
indexes including the CAC 40, FTSE4Good, MSCI World, Corporate
Oekom Rating, DJSI World, Vigeo Euronext Eurozone 120, Europe 120
and France 20, and Ethibel Sustainability Index Excellence.(code
ISIN FR0010307819).http://www.legrand.com
*Eliot is a program launched in 2015 by Legrand to speed up
deployment of the Internet of Things in its offering. A result of
the group’s innovation strategy, Eliot aims to develop connected
and interoperable solutions that deliver lasting benefits to
private individual users and
professionals.http://www.legrand.com/EN/eliot-program_13238.html
1 Period of time when all communication is suspended in the
run-up to publication of results.
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version on businesswire.com: http://www.businesswire.com/news/home/20170801006885/en/
Investor relationsLegrandFrançois PoissonTel: +33 (1) 49
72 53 53francois.poisson@legrand.frorPress RelationsPublicis
ConsultantsVilizara LazarovaTel: +33 (0)1 44 82 46 34Mob: +33 (0)6
26 72 57 14vilizara.lazarova@consultants.publicis.frorEloi
PerrinTel: +33 (0)& 44 82 46 36Mob: +33 (0)6 81 77 76
43eloi.perrin@consultants.publicis.fr
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