Legrand Expands in Data Center Infrastructure via Major Acquisition

23 days ago

Chloe Malay

"Legrand hit a record high this morning after announcing a big acquisition over in the US yesterday, last night. It bought a company called Aftron Power Solutions in a deal that is worth $1.1 billion enterprise value. And Aftron is expected to generate nearly $350 million in revenue in 2025."

Legrand, a French company traditionally known for electrical devices, is benefiting from the AI boom by expanding into the data center infrastructure segment through a significant M&A move. The acquisition of Aftron Power Solutions serves as a catalyst, underpinning its record high and bolstering its growth outlook in energy-related solutions.