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Legrand Acquires Vantage Controls
Strategic Move Positions Legrand North America as Leading Provider of Control and Automation Systems
West Hartford, Connecticut, September 7, 2006 - Today, Legrand announced the acquisition of Vantage Controls, located in Orem, Utah. Vantage Controls will be the sixth Legrand business group in North America and has been renamed Vantage/Legrand. The acquisition of Vantage Controls is an important move to position Legrand as a leading provider of control and automation solutions.
Vantage Controls has a solid and proven reputation for innovation, technology, and experienced people. Vantage/Legrand offers a powerful means to integrate lighting, audio/video, window treatments, heating, cooling, security, and other functions into one central system. The company is well positioned for expansion as consumer demand for control and automation increases in the residential and commercial markets.
"Lighting control and automation are seeing significant double-digit growth, and this acquisition ensures we have the increased capacity, expanded product lines, and sales channels to meet the growing demand," said John Selldorff, president and CEO of Legrand North America. "This acquisition is a strategic move on Legrand's part to further our leadership in residential control and automation. This acquisition strengthens our ability to innovate and grow as well as enhancing our innovative product lines and expanding our market leadership."
"Legrand North America will enable Vantage/Legrand to accelerate market reach and growth," said Ron Wilson, President of Vantage/Legrand. "There are expansion opportunities through Legrand North America's established and emerging channels, partners, and markets. We'll leverage best practices and international expansion is anticipated, especially in collaboration with Legrand's Bticino business headquartered in Italy."
Located in Limoges, France, Legrand (www.legrandelectric.com) is one of the principal worldwide specialists for products and systems for low-voltage electrical installations and data networks. Legrand provides solutions for residential, commercial and industrial buildings. With more than 130,000 catalog items and a commercial presence in more than 60 countries, the group generated revenues of €3.2 billion ($4 billion) in 2005. With a workforce of 31,000 employees and nearly 5 percent of its sales invested in R&D each year, the group focuses its development on innovation and a regular stream of new, high added-value products.
About Legrand North America
Legrand North America (www.legrandna.com) is a business of Legrand. Legrand's North America businesses include Pass & Seymour/Legrand (www.passandseymour.com), a leading manufacturer of electrical and network wiring devices; Wiremold/Legrand (www.wiremold.com), a market leader in wire management and cabling systems; On-Q/Legrand (www.onqlegrand.com), a market leader in structured wiring infrastructure and leading developer of whole-home comfort, communications, and entertainment home systems; Ortronics/Legrand (www.ortronics.com), a leading manufacturer of premise wiring connectivity products; and Watt Stopper/Legrand (www.wattstopper.com), offering an extensive range of energy management and lighting control products.
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