Legrand

Legrand Group is a manufacturer of electrical products, a supplier of complex solutions for electrical and information networks. Legrand offices are open in 21 cities of Russia. The company has factories in the Moscow Region cities of Dubna and Ulyanovsk. The company employs more than 500 people in Russia.

Legrand is present in North America, where it represents lines such as C2G, Cablofil, Electrorack, Middle Atlantic, Nuvo, On-Q, Ortronics, Pass & Seymour, QMotion, Quiktron, Raritan, Vantage, Watt Stopper, and Wiremold. Legrand is included in the Euronext Paris list and is represented in the financial markets by the following indices: CAC40, FTSE4Good, MSCI World, ASPI, Corporate Oekom Rating and DJSI (ISIN code FR0010307819).

Products

Legrand is a global company specializing in building electrical and information systems. In the audio-video industry, Legrand offers a portfolio of products from a variety of brands, including fastening solutions for flat panels and projectors, projection screens, rack racks, PTZ cameras, and furniture for audio-video equipment. The company's innovative products are marketed under the brands Chief, Da-Lite, Middle Atlantic, Projecta, Vaddio and Sanus.

History

2017: Legrand and Borri team up for joint UPS production activities

Legrand and Borri have a track record of years of collaboration. One joint solution is the KEOR HP series of three-phase standard uninterruptible power supplies. The merger of the Legrand Group with Borri will provide additional opportunities for the implementation of large international projects, as well as combine the investment portfolios of partners for research and development of new solutions.

2016

The net sales of Legrand itself for 2016 exceeded 5 billion euros. Profit amounted to 630 million euros. The French manufacturer is a public company, 95% of the shares are in free float.

Business in Russia

The Legrand Group in Russia and the CIS is more than 1000 employees working in 25 representative offices in major cities of Russia, as well as in Azerbaijan, Uzbekistan, Kazakhstan, Belarus and Ukraine. The company owns two operating plants in Russia located in the Ulyanovsk region. Legrand in Russia and the CIS offers a set of solutions for organizing electrical and information infrastructures of industrial, financial, commercial and housing sectors.

2023

Sale of the entire Legrand business  to IEK Group

On October 12, 2023, it became known about the sale of the entire Russian business Legrand. The buyer of these assets was the Russian electrotechnical company IEK Group.

According to TASS, citing a joint statement by the companies, as part of the concluded deal, IEK Group received three production sites and more than 20 Legrand representative offices in different cities of the Russian Federation. The government commission set key indicators for former Legrand businesses for three years.

IEK Group received three production sites and more than 20 Legrand representative offices in different cities of the Russian Federation

Thus, the total revenue of production sites should be about 8.5 billion rubles by 2025. Investments of IEK Group are expected to reach 1 billion rubles for the specified period. As Mikhail Gorbachev, financial director of IEK Group, noted, the audit and consulting firm Kept, which was previously part of the KPMG international network, but left it on June 8, 2022, provided legal and organizational support for the transaction.

IEK Group and former Russian Legrand divisions complement each other in technologies and product solutions, so the deal will provide a synergy effect, "says Andrei Zabelin, CEO of IEK Group, quoted by the press service. - Our company is able to produce high-quality products and develop production sites. Over the years, we have invested up to 50% of our profits in upgrading our businesses. The acquisition of Russian Legrand assets by IEK Group will give impetus to a large-scale product localization program and additional investments in production.

The IEK Group adds that when choosing a buyer, Legrand representatives took into account the fact that IEK Group has many years of successful experience in the electrical market and a strong market position. The Governor of the Ulyanovsk Region Alexei Russkikh also spoke in support of the IEK Group, as the company intends to increase the number of jobs at enterprises located in this region.^[1]

IEK bought 2 Legrand plants in Russia

On July 11, 2023, it became known about the sale of Russian Legrand plants to the electrical engineering company IEK. The financial terms of the agreement were not disclosed.

Earlier, Legrand estimated the loss from leaving the Russian market at €150 million. Sales in the country accounted for approximately 1.5% of the company's global turnover. After the change of ownership of the Russian business, Legrand will be rebranded. It is noted that the company has no problems with components, since they were ordered with a stock for a year.

Electrical engineering company IEK bought 2 plants of rival Legrand in Russia

The departure of the Legrand brand from the Russian market became known in January 2023. Then the company reported the following:

In light of the changing situation, in particular the growing operational difficulties and uncertainty, Legrand has decided to withdraw from Russia and is considering various options to ensure the transfer of its business on the best terms... Legrand believes that such a termination of operations is the best option to ensure continued compliance with all legislation and regulations and the long-term continuity of local operations for its employees and customers.

Legrand worked in Russia for 30 years, several production lines were launched in the country. The Russian website Legrand says by July 2023 that the company produces devices for smart home systems, chargers, including for electric vehicles, extension cords, switches, cables, equipment for intercoms, etc. The brands BTicino, Cablofil, Estap, Vantage, Minkels, Raritan, Contactor, etc. are represented in Russia. The production of the company was in Ulyanovsk, it included the plant of Contactor JSC, a branch of Legran Ulyanovsky LLC and production lines in the village of Chufarovo.^[2]

2019: Pascal Decons' appointment as Russia and CIS CEO

On September 30, 2019, the Legrand Group informed TAdviser about the appointment of Pascal Decons as CEO in Russia and the CIS, who previously led the Legrand Group in Spain and Portugal. Read more here.

2017

DV-Engineering (Vladivostok)

In May 2017 "Lanita" , the company "" and Insystems the manufacturer of complex solutions for electrical and information infrastructures of buildings, Legrand whose headquarters are located in, France announced the launch of joint production () uninterruptible power supplies in. UPS Vladivostok The devices will be produced under the Legrand brand. A new company was created specifically for production - "." According DV-Engineering to the database "," it Contour Focus is 100% owned by Insystems. It is headed by the general director of Insystems. Eugene Wirzer the terms of Financial participation of the parties in the joint production of the company do not disclose.

Khabarovsk

French electrical equipment manufacturer Legrand plans to open an assembly plant in Khabarovsk. A message about this was published on the official website of the regional Agency for Investment and Development. The company will be located at the Rakitnoye site of the Khabarovsk TOP. Investments in the project and the timing of its implementation have not yet been disclosed.

"Our company is interested in placing the production of cable-carrying systems, bus ducts, cabinet products, refrigeration equipment, as well as street lamps in the Far East and the TOP of the Khabarovsk Territory," said Alexis Konan, CEO of Legrand in Russia. He explained the plans to expand capacity by an increase in demand for the company's products in the regions of the Far East.

2016: Ulyanovsk

In the fall of 2016, it became known about the plans of the French manufacturer to open a second plant in Ulyanovsk. It will establish the production of low-voltage switching equipment. The Group will invest 1 billion rubles in the construction of the enterprise, the completion of work is scheduled for 2018.

2007

The history of the localization of the production of Legrand Group began with the Ulyanovsk plant "Contactor." Just six years later, in 2013, a second production was launched, also located in the Ulyanovsk region. At two sites, the production of more than 30% of the equipment presented on the Russian market is localized.

Notes