LIMOGES, France — Legrand announced its eighth acquisition since the beginning of the year.
Power Bus Way is a leading North American specialist in Cable Bus power busbars, primarily for datacenters.
Based in Toronto, Power Bus Way employs over 120 people and generates an annual revenue of around €70 million, mainly in the United States and Canada.
Power Bus Way is the fifth acquisition this year in the highly promising datacenter segment, following Netrack in India, Davenham in Ireland, Vass in Australia, and UPSistemas in Colombia.
Benoît Coquart, CEO of Legrand, commented:
Today we are announcing the 8th external growth operation of the year, with a cumulative annualized revenue of nearly €410 million, and Legrand’s first acquisition in North America in the datacenter grey space. These acquisitions are a great illustration of our medium-term growth ambitions, both in essential building infrastructures and in offers related to the energy and digital transition.