Legrand, North America announced today that a definitive agreement has
been signed to acquire(1) Raritan, a New Jersey-based company
specializing in data center infrastructure solutions. The scope of the
acquisition would include Raritan’s intelligent power and KVM
businesses, while its Data Center Infrastructure Management (DCIM)
software business would spin off into Sunbird Software, a new company
and strategic partner of Raritan to be chaired by Ching-I Hsu, CEO and
founder of Raritan.
The transaction is expected to be completed upon the satisfaction of
agreed closing conditions, including the receipt of all required
consents and US and foreign regulatory approvals. If approved, it is
anticipated that following closing, Raritan would operate as an
independent business within Legrand.
The intelligent power market is expected to grow rapidly due to industry
trends toward increased power density and clients’ need to maximize
capacity and energy efficiency. The acquisition would further support
Legrand’s commitment to sustainability by delivering additional
solutions that help customers monitor and manage their energy
consumption.
According to Ching-I Hsu, “Legrand would provide a home for Raritan’s
intelligent power business that best maximizes the value of its existing
people, expertise, and brand — as Raritan’s products complement and
enhance Legrand’s existing portfolio. In addition, Raritan’s corporate
culture closely aligns with Legrand’s: demonstrating a client-focused,
high-integrity, innovation-based approach to business.”
“The complementary strengths of these businesses and product offerings
would be unmatched by any other supplier in this industry,” said John
Selldorff, President and Chief Executive Officer, Legrand, North
America. “The combined leadership team looks forward to making a real
difference for global data center customers, now and for the future.”
About Legrand
Legrand is the global specialist in electrical and digital building
infrastructures. Its comprehensive offering of solutions for use in
commercial, industrial and residential markets makes it a benchmark for
customers worldwide. Innovation for a steady flow of new products with
high added value is a prime vector for growth. Legrand reported sales of
$6.0 billion in 2014. Legrand has a strong presence in North America,
with a portfolio of well-known product lines that include C2G, Cablofil,
Electrorack, Middle Atlantic, NuVo, On-Q, Ortronics, Pass Seymour,
Quiktron, Vantage, Watt Stopper, and Wiremold. Legrand is listed on
Euronext Paris and is a component stock of indexes including the CAC40,
FTSE4Good, MSCI World, ASPI, Corporate Oekom Rating and DJSI (ISIN code
FR0010307819). www.legrand.com.
About Raritan
Raritan, is a proven innovator of energy and infrastructure management
solutions for data centers of all sizes. In more than 50,000 locations
worldwide, Raritan’s award-winning hardware and software solutions –
including intelligent rack PDUs, environment sensors, and KVM switch
products – provide IT and facility directors, managers and
administrators with the control they need to increase power management
efficiency, improve data center productivity and enhance operations.
Based in Somerset, N.J., Raritan has offices worldwide serving customers
in 76 countries. Raritan is an active member of the Green Grid, Climate
Savers Computing Initiative, and the Leadership in Energy and
Environmental Design associations. The EPA has recognized Raritan for
its contribution to the agency’s data center initiative. http://www.raritan.com
(1) Subject to standard conditions precedent
Contacts
Raritan
Nicole Espasa, 732-764-8886 ext.1269
Nicole.Espasa@raritan.com
or
Legrand
Michelle
O‘Brien, 860-405-2804
Michelle.Obrien@legrand.us
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