Legrand, a French electrical products company, has completed the acquisition of Enovation and Netrack, two of the largest companies in the field of social health and data processing. This is reported in a press release by Legrand.
The deal is aimed at strengthening Legrand's position in fast-growing market segments.
Following the completion of the transaction, Enovation, a Dutch social health software company, was integrated into the Legrand structure under the brand “Legrand Care” to strengthen the company's dominant position in the European market of technologies and software solutions for the elderly and healthcare services.
The company's software package allows remote monitoring of the elderly and dependents using connected devices, ensuring uninterrupted exchange of medical data and coordination of medical care by various medical service providers and institutions. The headquarters is located in Rotterdam (Netherlands).
Legrand also acquired Netrack, an Indian company that manufactures servers and network racks for data centers. The acquisition of Netrack demonstrates Legrand's commitment to strengthen its position in the data center segment, which accounted for 15% of the company's revenue in 2023.
Legrand is a French company that manufactures electrical products and develops solutions for electrical and information networks. Legrand has expanded its portfolio by acquiring companies in 60 countries. Headquartered in Limoges, France, with production sites in Asia, America and Europe, more than a third of revenue comes from the United States. In 2022, Legrand's sales amounted to 8.3 billion euros. The company's shares are listed on Euronext Paris.
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