2007 reference document - Legrand

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INFORMATION ABOUT THE GROUP
Investments
Cemar, the leader in Brazil for consumer units and industrial
enclosures. In 2005, Cemar had approximately €28 million in
net sales and employed a staff of around 400 persons;
RM Kabelbaner, the leader in Denmark for metal cable
management systems, with net sales of more than
€5 million in 2005;
Vantage, the number two player in the United States in highend
lighting control and specialist in home automation. In 2005,
Vantage had approximately $20 million in net sales.
During 2005, Legrand made several investments for a total
amount of €399.8 million (after deducting the acquired cash)
and in particular, Legrand made targeted acquisitions of the fi ve
companies described below, each of which has a very strong
position in its market:
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TCL International Electrical and TCL Building Technology.
In December 2005, the Group acquired TCL International
Electrical, the leader in China for wiring devices, and TCL
Building Technology, the leading Chinese brand for VDI
products and systems. In 2004, the two businesses posted
4.2.2 - Main investments in progress
In February 2008, Legrand acquired PW Industries, a US fi rm
specialized in ceiling cable trays for the commercial and
industrial sectors. This reinforced the positions of Legrand, the
uncontested world leader in cable management and number
one in the United States in this fi eld, enabling it to round out its
offerings and accelerate growth on the industrial market. PW
Industries reported sales of approximately $32 million in 2007,
with a workforce of 61 persons.
This acquisition will be consolidated during the fi rst quarter
of 2008, and readers should refer to the information on profi t
& loss, balance sheet and cash fl ow that will be published by the
Company on May 7, 2008.
REFERENCE DOCUMENT 2007 - legrand
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combined net sales of more than €60 million and employed a
workforce of approximately 3,000 persons;
ICM Group, the leader in metal wire cable trays in France, with
well-known brands such as Cablofi l . In 2004, the ICM Group
generated net sales of approximately €100 million (40% in
France and 60% outside France), with a workforce of around
500 persons;
Van Geel, the market leader in metal cable management
systems (ducts, fl oor boxes) in the Netherlands. In 2004, Van
Geel’s net sales amounted to €60 million, and it employed a
workforce of 300 persons;
OnQ, the United States leader in structured cable management
for residential applications. In 2004, OnQ generated net sales of
approximately $22 million and employed a workforce of around
100 persons;
Zucchini, the leader in Italy for prefabricated busbar systems.
In 2004, Zucchini reported net sales of approximately
€50 million.
In April 2008, Legrand acquired Estap, the uncontested leader in
VDI enclosures and cabinets in Turkey, thereby accelerating its
growth in emerging markets, which contributed approximately
50% of its organic growth in 2007. Estap reported sales of
more than €22 million in 2007, with a workforce of around
120 persons.
This acquisition will be consolidated in the second quarter of 2008,
and readers should refer to the information on profi t & loss,
balance sheet and cash flow that will be published by the
Company on July 30, 2008.
4.2.3 - Main planned investments and external growth policy
The Company intends to pursue its strategy of targeted
acquisitions and investments particularly in research and
development, in accordance with the strategy described in
< Contents >
this reference document (see in particular section 5.1.5 of this
reference document).
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