Latest from Mergers & Acquisitions Data
Legrand made two new acquisitions in the data center market, a segment that represented 15% of its revenue in 2023.
Davenham is an Irish specialist in low-voltage power distribution systems (protection, switching, metering and energy distribution) for data centers, including hyperscalers. Its business also includes product commissioning and aftermarket services.
Based in Dublin, the company employs 350 people and reports annual revenue of approximately $129 million), mostly in Europe and in the United States.
The release said VASS is the Australian leader in busbars, mostly for data centers. Based in Ingleburn, Australia and employing close to 40 people, VASS reports annual revenue approximately $10.7 million, mostly in Australia and the Asia-Pacific region.
Benoît Coquart, Legrand’s CEO, said in the press release, “We are very pleased to announce these acquisitions that will significantly complement our offering in the ‘white’ space (servers’ room) with solid positions in the ‘grey’ space (technical room), in the very promising data centers segment. With 10 acquisitions in that vertical over the past five years, Legrand confirms its growth acceleration strategy in a domain where we are a key player and very well positioned.
“With the three investments announced earlier this year (MSS, Enovation and Netrack), these acquisitions represent annual revenue of approximately $215 million.”