Limoges, February 1st, 2017
Acquisition of OCL1 US specialist in architectural lighting solutions R E L E A S ELegrand is actively pursuing its strategy of bolt-on2acquisitions, and announced today its ninth acquisition in the last twelve months with the purchase of OCL, specialized in architectural lighting solutions for commercial and high-end residential buildings in the United States.
Based in Saint Louis, Missouri, OCL has around 60 employees and reports annual sales of about $15m, mainly in the United States.
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P R E S S1 Original Cast Lighting
2 Small- to mid-size acquisitions that complement Legrand's activities
Key financial dates2016 annual results: February 9, 2017
"Quiet period"1starts January 9, 2017
2017 first-quarter results: May 10, 2017
R E L E A S E"Quiet period"1starts April 10, 2017
General Meeting of Shareholders: May 31, 2017
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 a nearly 10-year CSR (Corporate Social Responsibility) approach that involves all employees, Legrand is pursuing its strategy of profitable and sustainable growth driven by innovation, with a steady flow of new offerings-- including Eliot* connected products with enhanced value in use--and acquisitions. Legrand reported sales of more than €4.8 billion in 2015. The company is listed on Euronext Paris and is a component stock of indexes including the CAC40, FTSE4Good, MSCI World, Corporate Oekom Rating, DJSI World, Vigeo Euronext Eurozone 120-Europe 120-France 20 and World 120, and Ethibel Sustainability Index Excellence.
(ISIN code FR0010307819).
P R E S Swww.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, the Eliot program 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 |
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François Poisson | Robert Amady/Vilizara Lazarova |
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francois.poisson@legrand.fr | robert.amady@consultants.publicis.fr vilizara.lazarova@consultants.publicis.fr |
1 Period of time when all communication is suspended in the run-up to publication of results.
Legrand SA published this content on 24 July 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 24 July 2017 16:59:01 UTC.
Original documenthttp://www.legrand.com/files/fck/News/files/groupe/OCL/Legrand_Press_Release_Original_Cast_Lighting.pdf
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