Legrand Acquires SRS Power Engineering in Malaysia, 5th Operation of 2026
Legrand announced on Wednesday the acquisition of Malaysian power protection product specialist SRS Power Engineering. This transaction, the fifth announced in 2026, is part of the group's strategy to strengthen its presence in the data center market and energy transition.
Legrand has acquired SRS Power Engineering, based in Selangor, Malaysia. The company employs over 280 people and generates an annual turnover of approximately 90 million euros. It specializes in the design and supply of low and medium voltage power protection products, primarily for data centers and the industry. This acquisition follows the previous year's acquisition of Linkk Busway Systems. It will allow Legrand to offer a comprehensive local solution dedicated to critical power supply in data centers, a strategic market for the group.
Five Acquisitions in 2026 for 370 Million Euros
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SRS Power Engineering represents the fifth acquisition announced by Legrand in 2026. Together, these five transactions account for approximately 370 million euros in additional annual turnover. All are oriented towards the energy transition and data centers, sectors that accounted for nearly half of the group's turnover at the end of 2025. Benoît Coquart, CEO of Legrand, commented, 'This additional operation strengthens our positions in Asia, and particularly in Malaysia after last year's acquisition of Linkk Busway Systems, thus allowing Legrand to offer a local solution dedicated to critical power supply in data centers.' He also emphasized that these acquisitions 'illustrate the continuous implementation' of the group's roadmap towards 2030.
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)
The information presented in this article is provided for informational purposes only and does not constitute an investment recommendation, an incentive to buy or sell a financial asset, or investment advice. Readers are invited to conduct their own research before making any decision.
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.
