Legrand purchases Reno-based Server Technology, Inc.
June 26, 2017
Legrand (Paris:LR) is pursuing its development with bolt-on acquisitions and recently announced the purchase of Server Technology, Inc., a U.S. frontrunner in intelligent Power Distribution Units (PDU) for datacenters.
Legrand is already present in the datacenter market through companies specializing in Voice-Data-Image cabinets (Ortronics, Electrorack and AFCO Systems Group in the United States, Aegide/Minkels in the Netherlands, SJ Manufacturing in Singapore and Valrack in India), in PDUs as well as Keyboard, Video and Mouse (KVM) switches and their applications (Raritan in the United States) and in pre-terminated solutions (Lastar/Quiktron in the United States). The Group thus rounds out its product offering in the buoyant datacenter market by adding Server Technology, Inc.'s range of intelligent PDUs.
Legrand is strengthening its presence in the growing market for digital infrastructure, one of the Group's four buoyant new business segments, driven by the rise in data flow volumes, linked in particular to growth in connected objects and rising demand for ever more energy-saving solutions.
Based in Reno, Nevada, Server Technology, Inc. has some 200 employees and annual revenues of over $110 million.
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-France 20 and World 120, and Ethibel Sustainability Index Excellence.