Legrand to acquire Avtron Power Solutions for undisclosed sum

WEST HARTFORD, Conn. - Legrand, a global electrical and digital building infrastructure company with a market capitalization of $43.59 billion, announced Thursday it has signed a definitive agreement to acquire Avtron Power Solutions, a provider of load banks and power quality solutions based in Cleveland, Ohio. The company has demonstrated strong financial performance, maintaining impressive gross profit margins of 51.28% and achieving revenue growth of 10.57% over the last twelve months.

Avtron, which employs 600 people and operates five manufacturing facilities across North America and Europe, is expected to generate nearly $350 million in revenue in 2025. The company serves markets including data centers, healthcare facilities, renewable energy applications, and industrial manufacturing sites. According to InvestingPro analysis, Legrand’s strong financial health score and consistent dividend history spanning 20 years suggest a robust foundation for this strategic expansion.

According to the press release, Avtron will operate as a stand-alone business unit within Legrand’s Electrical Wiring Systems Division after the acquisition is completed. David Cox, Avtron’s current CEO, will continue to lead the business and report to Ravi Ramanathan.

"Avtron Power Solutions’ 75-year history of leadership, innovation, and commitment to customer service and satisfaction align with our cultural and customer-centric values," said Brian DiBella, President and CEO of Legrand, North and Central America.

The transaction is subject to regulatory approvals and customary closing conditions. Financial terms of the acquisition were not disclosed in the statement.

Legrand, which reported sales of €8.6 billion in 2024, has a history of growth through acquisitions. The company is listed on Euronext Paris and is included in several stock indexes including the CAC 40.

The information in this article is based on a company press release.

In other recent news, Legrand’s second-quarter results surpassed expectations, with sales coming in 5% above consensus estimates. The company achieved an operating margin of 21.7%, which was 90 basis points higher than anticipated, and operating profit exceeded consensus expectations by 8%. Additionally, Legrand has signed a share purchase agreement to acquire a 60.09% controlling stake in Cogelec, a specialist in access control systems, at €29 per share. This acquisition will give Legrand France control over 78.39% of Cogelec’s voting rights. Meanwhile, Kepler Cheuvreux downgraded Legrand’s stock from Buy to Hold, despite raising the price target to EUR152.00. The downgrade is attributed to concerns that Legrand’s high-quality characteristics are now fully reflected in its share price. These developments highlight significant recent activity for Legrand in both financial performance and strategic expansion.

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