Latest news with #BenoîtCoquart
Business Wire
07-07-2025
- Business
- Business Wire
of Amperio Project in Switzerland and Quitérios in Portugal
LIMOGES, France--(BUSINESS WIRE)--Regulatory News: Legrand (Paris:LR) is actively pursuing its targeted development strategy, with the announcement today of two new acquisitions. Amperio Project is a Swiss specialist in busbars. Based in Murten, the company employs around 20 people and has annual sales of over €4 million. Following Computer Room Solutions (CRS) in Australia and Linkk Busway Systems in Malaysia, Amperio Project is the third acquisition of the year in datacenters. Quitérios 1 is a leading Portuguese player in electrical and digital modular distribution boards. Based in Mira, the company employs more than 100 people and has annual sales of nearly €20 million. Benoît Coquart, Legrand's Chief Executive Officer; commented: 'We are very pleased with these two new acquisitions, which bring the number of transactions announced since the beginning of the year to five, for a total annual revenue of more than €100 million. These investments are fully in line with our strategic roadmap for 2030, which includes strengthening our positions in fast-growing segments related to the energy and digital transition.' Readers are invited to verify the authenticity of Legrand press releases with the CertiDox app. Learn more at Key financial dates : • 2025 first-half results : July 31, 2025 'Quiet period 2 ' starts : July 1, 2025 • 2025 nine months results : 'Quiet period 2 ' starts : October 7, 2025 Expand About Legrand Legrand is the global specialist in electrical and digital building infrastructures. Its comprehensive offering of solutions for residential, commercial, and datacenter markets makes it a benchmark for customers worldwide. The Group harnesses technological and societal trends with lasting impacts on buildings with the purpose of improving life by transforming the spaces where people live, work and meet with electrical, digital infrastructures and connected solutions that are simple, innovative and sustainable. Drawing on an approach that involves all teams and stakeholders, Legrand is pursuing a strategy of profitable and responsible growth driven by acquisitions and innovation, with a steady flow of new offerings that include products with enhanced value in use (energy and digital transition solutions: datacenters, digital lifestyles and energy transition offerings). Legrand reported sales of €8.6 billion in 2024. The company is listed on Euronext Paris and is a component stock of the CAC 40, CAC 40 ESG and CAC Transition Climat indexes. (code ISIN FR0010307819).
Yahoo
03-06-2025
- Business
- Yahoo
Legrand Strengthens Its Positions as World Champion in Datacenters With the Acquisition of Linkk Busway Systems in Asia
LIMOGES, France, June 03, 2025--(BUSINESS WIRE)--Regulatory News: Legrand (Paris:LR) is pursuing its active bolt-on acquisition strategy with today's announcement of Linkk Busway Systems1. Linkk Busway Systems is an Asian reference specialist in power busbars, particularly for datacenters' grey space. Based in Malaysia, in Beranang, Selangor, Linkk Busway Systems employs over 240 people and generates an annual revenue of around €45 million. Benoît Coquart, Legrand's Chief Executive Officer; commented:"We are thrilled to announce this acquisition, our third since the beginning of the year, and the second one in the fast-growing datacenter market, which already accounted for 20% of Group proforma sales in 2024. It is fully in line with our strategic ambitions for 2030, in particular the strengthening of our positions in buoyant segments linked to the energy and digital transition." KEY FINANCIAL DATES 2025 first-half results : July 31, 2025''Quiet period2" starts : July 1, 2025 ABOUT LEGRAND Legrand is the global specialist in electrical and digital building infrastructures. Its comprehensive offering of solutions for residential, commercial, and datacenter markets makes it a benchmark for customers Group harnesses technological and societal trends with lasting impacts on buildings with the purpose of improving life by transforming the spaces where people live, work and meet with electrical, digital infrastructures and connected solutions that are simple, innovative and on an approach that involves all teams and stakeholders, Legrand is pursuing a strategy of profitable and responsible growth driven by acquisitions and innovation, with a steady flow of new offerings that include products with enhanced value in use (energy and digital transition solutions: datacenters, digital lifestyles and energy transition offerings).Legrand reported sales of €8.4 billion in 2023. The company is listed on Euronext Paris and is a component stock of the CAC 40, CAC 40 ESG and CAC SBT 1.5 indexes. (code ISIN FR0010307819). 1 Subject to customary closing conditions2 Period of time when all communication is suspended in the run-up to publication of results Readers are invited to verify the authenticity of Legrand press releases with the CertiDox app. Learn more at View source version on Contacts INVESTOR RELATIONS & FINANCIAL COMMUNICATIONRonan MARC (Legrand) +33 1 49 72 53 53. PRESS RELATIONSLucie DAUDIGNY (TBWA) +33 6 77 20 71 11.
Business Wire
03-06-2025
- Business
- Business Wire
Legrand Strengthens Its Positions as World Champion in Datacenters With the Acquisition of Linkk Busway Systems in Asia
LIMOGES, France--(BUSINESS WIRE)--Regulatory News: Legrand (Paris:LR) is pursuing its active bolt-on acquisition strategy with today's announcement of Linkk Busway Systems 1. Linkk Busway Systems is an Asian reference specialist in power busbars, particularly for datacenters' grey space. Based in Malaysia, in Beranang, Selangor, Linkk Busway Systems employs over 240 people and generates an annual revenue of around €45 million. Benoît Coquart, Legrand's Chief Executive Officer; commented: 'We are thrilled to announce this acquisition, our third since the beginning of the year, and the second one in the fast-growing datacenter market, which already accounted for 20% of Group proforma sales in 2024. It is fully in line with our strategic ambitions for 2030, in particular the strengthening of our positions in buoyant segments linked to the energy and digital transition.' KEY FINANCIAL DATES 2025 first-half results : July 31, 2025 ''Quiet period 2 ' starts : July 1, 2025 ABOUT LEGRAND Legrand is the global specialist in electrical and digital building infrastructures. Its comprehensive offering of solutions for residential, commercial, and datacenter markets makes it a benchmark for customers worldwide. The Group harnesses technological and societal trends with lasting impacts on buildings with the purpose of improving life by transforming the spaces where people live, work and meet with electrical, digital infrastructures and connected solutions that are simple, innovative and sustainable. Drawing on an approach that involves all teams and stakeholders, Legrand is pursuing a strategy of profitable and responsible growth driven by acquisitions and innovation, with a steady flow of new offerings that include products with enhanced value in use (energy and digital transition solutions: datacenters, digital lifestyles and energy transition offerings). Legrand reported sales of €8.4 billion in 2023. The company is listed on Euronext Paris and is a component stock of the CAC 40, CAC 40 ESG and CAC SBT 1.5 indexes. (code ISIN FR0010307819). 1 Subject to customary closing conditions 2 Period of time when all communication is suspended in the run-up to publication of results
Yahoo
07-05-2025
- Business
- Yahoo
Legrand outlines action plan to offset potential $200 million in tariff-related costs
By Anna Peverieri (Reuters) -French electrical and digital building infrastructure group Legrand will hike prices, adjust supply chains and freeze spending to offset up to $200 million in costs from U.S. tariffs on Chinese imports, CEO Benoît Coquart told Reuters. Legrand now expects the financial impact of U.S. tariffs on Chinese imports to be around $150 million to $200 million on adjusted earnings before interest and tax this year, based on the assumption that the announced 145% U.S. tariff on Chinese goods will fall to 50–60% later in the year, Coquart told Reuters in an interview along the group's results on Wednesday. In February, Legrand had estimated the financial impact of a previous 10% U.S. tariff on Chinese imports to be around $30 million. The group plans to implement a standard pricing strategy for products sourced from China. These price increases on U.S. imports could lead to a 1% to 2% rise in group-wide pricing, Coquart added. Legrand is also shifting production from higher-tariff countries such as China to lower-tariff ones including Vietnam, India and Mexico, Coquart said. Production ramp-up in Vietnam began two months ago, and the group is currently opening a second low-capex factory there, Coquart added. The shift mainly affects lower-value products such as switches and presence detectors currently manufactured in China for the U.S. market. During U.S. President Donald Trump's first term and the implementation of tariffs, Legrand opened a 500-employee factory in Vietnam to shift some of its manufacturing operations from China. "The third part of the action plan is traditional cost-cutting, but it's more about freezing some expenses or postponing some recruitments rather than any massive layoff," he added. Legrand is also leveraging the U.S.-Mexico-Canada Agreement (USMCA) and is verifying that all of its products qualify under this framework. The USMCA grants preferential treatment to goods either sourced from or having a minimum percentage of value added in any of the three countries. The company said the measures should help offset the expected tariff costs and support 2025 operating margins, expected in line with 2024 levels. (Reporting by Anna Peverieri; Editing by Lincoln Feast.)
Reuters
07-05-2025
- Business
- Reuters
Legrand outlines action plan to offset potential $200 million in tariff-related costs
May 7 (Reuters) - French electrical and digital building infrastructure group Legrand ( opens new tab will hike prices, adjust supply chains and freeze spending to offset up to $200 million in costs from U.S. tariffs on Chinese imports, CEO Benoît Coquart told Reuters. Legrand now expects the financial impact of U.S. tariffs on Chinese imports to be around $150 million to $200 million on adjusted earnings before interest and tax this year, based on the assumption that the announced 145% U.S. tariff on Chinese goods will fall to 50–60% later in the year, Coquart told Reuters in an interview along the group's results on Wednesday. In February, Legrand had estimated the financial impact of a previous 10% U.S. tariff on Chinese imports to be around $30 million. The group plans to implement a standard pricing strategy for products sourced from China. These price increases on U.S. imports could lead to a 1% to 2% rise in group-wide pricing, Coquart added. Legrand is also shifting production from higher-tariff countries such as China to lower-tariff ones including Vietnam, India and Mexico, Coquart said. Production ramp-up in Vietnam began two months ago, and the group is currently opening a second low-capex factory there, Coquart added. The shift mainly affects lower-value products such as switches and presence detectors currently manufactured in China for the U.S. market. During U.S. President Donald Trump's first term and the implementation of tariffs, Legrand opened a 500-employee factory in Vietnam to shift some of its manufacturing operations from China. "The third part of the action plan is traditional cost-cutting, but it's more about freezing some expenses or postponing some recruitments rather than any massive layoff," he added. Legrand is also leveraging the U.S.-Mexico-Canada Agreement (USMCA) and is verifying that all of its products qualify under this framework. The USMCA grants preferential treatment to goods either sourced from or having a minimum percentage of value added in any of the three countries. The company said the measures should help offset the expected tariff costs and support 2025 operating margins, expected in line with 2024 levels.
