Core Insights - Legrand has acquired Avtron Power Solutions, a provider of load banks and power quality solutions, expected to generate nearly $350 million in revenue in 2025 [1][3] Company Overview - Legrand is a global leader in electrical and digital building infrastructures, with a reported sales of €8.6 billion in 2024 [4] - Avtron employs 600 people and operates five sites across North America and Europe [1] Strategic Implications - The acquisition aligns with Legrand's Ambition 2030 growth strategy, aiming to reach €15 billion by 2030, focusing on energy transition and datacenter solutions [3] - Avtron will function as a stand-alone business unit within Legrand's Electrical Wiring Systems Division, maintaining its leadership under CEO David Cox [2] Market Position - The acquisition enhances Legrand's product portfolio to meet the needs of critical power provisioning in high-growth markets such as datacenters, healthcare, renewable energy, and industrial manufacturing [1][3] - Both companies share values and culture, which is expected to drive growth and innovation [3]

The CNBC app, global market news in one place. Customizable sections and personalized alerts. Stocks tracking, interactive charts and market insights, all in your hands.Stay connected, stay informed. Download the CNBC app today. Ah, it's my favorite Friday of the month.Payroll. Hang on a second. Oh, there's no payroll.Dang. Anyway, it's still Squadbox Europe and you still have Karen Cho and Juliana Tattlebalm. And yes, despite the shutdown, Steve Sedick is still here.I know it's a shame. These are your head ...

WEST HARTFORD, Conn., Oct. 02, 2025 (GLOBE NEWSWIRE) -- Legrand®, a global leader in electrical and digital building infrastructures, has signed a definitive agreement to acquire Cleveland, Ohio-based Avtron Power Solutions, a leading global provider of load banks and power quality solutions that serve a wide range of high-growth markets where reliable delivery of power is required. Avtron employs 600 people, operates five manufacturing sites across North America and Europe, and is expected to generate near ...