Legrand Acquires American Company Girtz Industries, Marking Its 6th Acquisition of the Year
On Wednesday, Legrand announced the acquisition of Girtz Industries, an American specialist in custom modular power solutions for data centers and critical infrastructure. This transaction, the sixth completed by the group since the start of the year, aligns with its strategy of targeted external growth focusing on energy transition.
Strengthening American Presence in Decentralized Solutions
Legrand has expanded its American operations with the acquisition of Girtz Industries, located in Monticello, Indiana. The company, which employs about 300 people, generates an annual revenue of nearly $80 million. Girtz Industries designs modular power solutions (Power Pods) and offers testing and technical engineering services. Its products meet the demand for backup power or primary decentralized solutions, especially in data centers, as well as in industrial, infrastructure, and commercial sectors. Benoît Coquart, CEO of Legrand, stated that 'Girtz Industries strengthens our position in the United States at the intersection of two major trends: the unprecedented growth of energy demand, reshaping the energy landscape, and the emergence of new data center architectures requiring high-density, energy-efficient, and increasingly decentralized power solutions.'
Six Acquisitions for an Additional €440 Million in Revenue
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Girtz Industries represents the sixth acquisition successfully completed by Legrand since January 2026. Together, these six transactions contribute an additional annual revenue of nearly €440 million. All are centered around the opportunities presented by the energy transition and the expanding data center market. This pace of external growth underscores the group's commitment to a strategy of disciplined and targeted acquisitions, aligned with two major structural challenges in the sector.
SectorMachines et équipements industriels›Équipements électroniques
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Context
Period
Period: S1 2026
Key reported figures
Revenue: 5 400 millions d'euros
Quarterly revenue: 5 400 millions d'euros
Revenue growth: 13,1 %
EBITDA: 1 263 millions d'euros
EBITDA margin: 23,4 %
Net income: 698,2 millions d'euros
5 755 millions d'euros
Guidance from the release
Legrand enregistre un semestre solide avec à nouveau une croissance record de ses ventes de +17% hors change et toujours une excellente rentabilité ; Objectifs annuels 2026 relevés
Risks mentioned
Situation géopolitique et économique qualifiée de « très évolutive » par la direction
Effets de change négatifs, la croissance publiée étant inférieure à la croissance hors change
Dépendance croissante à la dynamique du marché des centres de données
Opportunities identified
Croissance record de +17 % hors change tirée par les centres de données
Sept acquisitions créatrices de valeur dans la transition énergétique et numérique
Nombreux lancements de produits nouveaux dans le cadre du plan stratégique
Outlook / guidance
Expected revenue: 11 140 millions d'euros
Management commentary: sales growth (excluding currency effects) of between +16% and +19% (vs. +10% and +15% previously), comprising organic growth of between +8% and +10% (vs. +4% and +7% previously), and growth through acquisitions of around +8% (vs. between +6% and +8% previously); ■ adjusted operating margin (after acquisitions) of between 20.5% and 21.0% of sales (unchanged)
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Investments in the stock market involve risks, including the risk of capital loss. Past performance of an asset or market is no guarantee of future results. Any investment decision should be made taking into account your personal financial situation, objectives and risk tolerance.
