Legrand Group, a specialist in products and systems for building, electrical, and digital infrastructures, announced two new acquisitions in the rapidly growing data center sector, which represents 26% of the group's revenue. Legrand Group acquired Keydak and TES.
Legrand Group, specializing in products and systems for building, electrical, and digital infrastructures, completed two new acquisitions in the rapidly growing data center sector, representing 26% of the group's revenue. By acquiring Keydak and TES, Legrand Group continues its growth strategy in the data center sector. Keydak, based in China, has over €60 million in annual revenue with more than 330 employees, while TES, based in the UK, provides power distribution systems and generates more than half of its revenue from data centers.
“Acquisitions in the Data Center Sector Generate €285 Million in Additional Annual Revenue”
In a statement regarding the matter, Legrand Group CEO Benoît Coquart said, “These two new transactions strengthen our position in the data center market, both in computing infrastructure (chip perimeter) and in critical power areas. With these announcements, a total of four acquisitions have been announced this year. All of them are in the data center sector, which accounts for 26% of our revenues by the end of 2025. These acquisitions generate approximately €285 million in additional annual revenue and demonstrate the consistent implementation of our strategic roadmap for 2030.”
“Data Center Market is One of Our Priorities”
Pascal Decons, Country Manager and CEO of Legrand Turkey Group, stated that they have been serving as the Turkish arm of the France-based Legrand Group, which covers 180 countries, has more than 38,000 employees and approximately 300,000 different product references, since 1990. He added, “As Legrand Group, we are resolutely implementing our Target 2030 roadmap, aiming to increase our annual sales from €8.6 billion to €15 billion by 2030. While accelerating our growth in energy and digital transformation solutions, the data center market is also one of our top strategic growth areas and a priority focus for Legrand Turkey Group. With our Legrand Data Center Solutions (LDCS) unit, which we launched in Turkey in 2021, we offer solutions tailored to the specific needs of data centers. By combining our global portfolio with our manufacturing capabilities in Turkey, we provide a wide range of solutions for both white space and gray space with critical components such as uninterruptible power supplies, switchgear products, cabinets and enclosures.” He made a statement.