Legrand S.A.

What does Legrand own?
Legrand owns over 100 brands and subsidiaries globally, including Raritan (KVM switches and intelligent PDUs), Bticino (Italian electrical equipment), Wiremold (cable management), WattStopper (lighting controls), Pass and Seymour (wiring devices), Netatmo (smart home), Legrand AV (audiovisual infrastructure), Borri (uninterruptible power supplies), and Starline (power distribution busway). The company operates through 249 consolidated subsidiaries as of December 31, 2024.

Is Legrand publicly traded?
Yes. Legrand S.A. is listed on Euronext Paris under ticker LR (ISIN FR0010307819) and is a component of the CAC 40, CAC 40 ESG, and CAC SBT 1.5 indices. The company reported sales of €8.6 billion in fiscal year 2024. Share ownership is dispersed among institutional investors with no single controlling shareholder.

Who founded Legrand?
Legrand's origins trace to 1865, when Henri Barjaud de Lafond and Léonard Clidasson established a porcelain tableware workshop in Limoges. The Legrand name was adopted in 1904 when Frédéric Legrand acquired the business with partners Charles Alary and Jean Joquel. The company transitioned from porcelain to electrical equipment in 1919 and focused exclusively on electrical wiring devices after 1949.

Where is Legrand based?
Legrand is headquartered in Limoges, France, at 128, avenue du Maréchal de Lattre de Tassigny. This has been the company's base since its origins in 1865. Limoges is in the Nouvelle-Aquitaine region of central France. Legrand operates manufacturing and distribution subsidiaries in nearly 90 countries and sells products in approximately 170 countries.

How many brands does Legrand own?
Legrand owns over 100 brands and subsidiaries globally. The portfolio spans electrical wiring devices, cable management, power distribution, data center solutions, smart home technology, and audiovisual infrastructure. Major brands include Legrand, Bticino, Raritan, Wiremold, WattStopper, Pass and Seymour, Netatmo, and Legrand AV.

What is Legrand's revenue?
Legrand reported sales of €8,648.9 million in fiscal year 2024, up 2.8% from €8,416.9 million in 2023. Adjusted operating profit was €1,776 million (20.5% of sales), and net profit attributable to the group was €1,166.4 million. Free cash flow was €1,290.5 million, representing 14.9% of revenue. The company targets revenue growth between 6% and 10% for 2025.

Is Legrand a French company?
Yes. Legrand S.A. is a French société anonyme incorporated and domiciled in France. Its registered office is in Limoges. The company is subject to French corporate governance requirements and is listed on Euronext Paris. While Legrand operates globally with 249 subsidiaries across nearly 90 countries, its corporate identity and headquarters remain French.

Legrand's origins date to 1865, when wood merchants Henri Barjaud de Lafond and Léonard Clidasson built a porcelain tableware workshop along Route de Lyon in Limoges. The workshop changed operators several times in its early decades. In 1897, brothers Jules and François Vultury acquired the factory. In 1904, the business was taken over by Frédéric Legrand, Charles Alary, and Jean Joquel, and the Legrand name was adopted for the first time.

The company's connection to electrical equipment began in 1919, when Legrand partnered with Jean Mondot, a local artisan who had started a small factory in Exideuil producing electrical switches from porcelain and boxwood. Porcelain was the best available insulating material before the advent of plastic, making it well suited for low-voltage electrical components. This partnership created the electrical wiring devices branch that would gradually become Legrand's primary business.

In 1924, the company became Legrand and Co. (Porcelain and Electrical Devices Factory). In 1938, the factory installed the first tunnel kiln in Limoges for firing electrical porcelain. In 1944, Legrand was taken over by two industrialists from northern France, Jean Verspieren and Edouard Decoster, who were brothers-in-law. Following a factory fire in 1949, the company made the strategic decision to concentrate exclusively on electrical wiring devices, abandoning porcelain tableware production.

Through the 1950s and 1960s, Legrand expanded its product range to include protection products (fuse holders, circuit breakers), cable management products (trunking, mini-trunking), and emergency lighting. The company grew both organically and through acquisitions of regional electrical equipment manufacturers in France and neighboring European countries.

Legrand went public and expanded internationally in the 1980s and 1990s. The company acquired Bticino, a major Italian electrical equipment manufacturer, in 1990, which became one of its most important brands. Other significant acquisitions followed, including Wiremold in the United States (2000), which established Legrand's presence in the North American cable management market.

The 2000s and 2010s saw Legrand accelerate its acquisition strategy, particularly in emerging markets and adjacent product categories. The company acquired WattStopper (lighting controls), Pass and Seymour (wiring devices), and several other North American brands. In 2015, Legrand acquired Raritan, a New Jersey-based data center infrastructure company specializing in KVM switches and intelligent rack PDUs. This acquisition marked Legrand's strategic push into the data center market.

Legrand also expanded into smart home technology with the acquisition of Netatmo, a French smart home device company, in 2017. The company continued acquiring data center infrastructure companies through the late 2010s and 2020s, including Davenham Switchgear (Ireland), VASS (Australia), Netrack (India), Keydak (China), TES (United Kingdom), Girtz Industries (United States), and SRS Power Engineering (Malaysia).

In 2024, data center solutions represented approximately 20% of Legrand's revenue, up from 15% in 2023. The company announced nine acquisitions over the twelve months ending in late 2024, with approximately €240 million in acquired annual revenue focused on data center infrastructure. Legrand also sold its Russian operations in October 2023 following the invasion of Ukraine.

Legrand publishes an annual sustainability report aligned with GRI standards and operates under a structured CSR roadmap. The company's fifth CSR Roadmap (2022-2024) achieved a 113% completion rate on its targets. Key achievements include a 53% reduction in direct and indirect carbon emissions (Scope 1 and 2) over three years and an increase in the proportion of women in management positions to over 30%.

The company's sixth CSR Roadmap (2025-2027) introduces a new pillar focused on serving customers through sustainability commitments. Legrand has committed to science-based targets for emissions reduction and is included in the CAC SBT 1.5 index, which recognizes companies with targets aligned to limiting global warming to 1.5 degrees Celsius.

Legrand's products contribute to building energy efficiency, which is a core part of its sustainability strategy. Energy and digital transition solutions represented 47% of sales in 2024. The company's data center products, including Raritan's intelligent PDUs, help customers monitor and reduce energy consumption in server rooms.

In December 2024, Legrand acquired a stake in Circul'R, a French company specializing in circular economy consulting, to accelerate its development of circular business models including reuse, recycling, and waste reduction. Legrand is not a Certified B Corporation.

• CAC 40 Component: Legrand is a constituent of the CAC 40 index of France's largest publicly traded companies
• CAC 40 ESG Index: Included for environmental, social, and governance performance
• CAC SBT 1.5 Index: Included for science-based emissions targets aligned with 1.5 degrees Celsius warming limit
• CSR Roadmap Achievement: 113% average achievement rate on fifth CSR Roadmap targets (2022-2024)
• Dow Jones Sustainability Index: Legrand has been included in DJSI assessments for corporate sustainability performance