Legrand – Acquisition of Enovation in assisted living and healthcare and of Netrack in datacenters
Legrand is actively implementing its development strategy with two acquisitions in the promising areas of assisted living, healthcare and datacenters, further strengthening the Group’s leadership in its faster expanding segments.
Enovation is the Dutch leader in healthcare software in the market for connected health and assisted living.
Specializing in B-to-B, Enovation’s offerings include software for remote monitoring of elderly and dependent persons using connected objects, sharing health information and data, and coordinating care between facilities, providers, and professionals.
With a loyal customer base and a largely recurring revenue stream, Enovation has a significantly higher adjusted operating margin than Legrand.
Enovation is based in Rotterdam, employs over 350 people and has annual sales of over €60 million.
This acquisition1 rounds out Legrand’s existing offerings in assisted living, which have been grouped together under the “Legrand Care” brand since 2021 (Legrand | Care). By acquiring Enovation, Legrand Care strengthens its European leadership in technology and software solutions in the assisted living and health market.
Netrack is an Indian specialist in server and network rack manufacturing.
As a long-standing player in this market, Netrack is known for its high-quality products, which are a popular choice in many datacenter projects.
Based in Bangalore and employing over 250 people, Netrack reports annual revenue of around €10 million.
With this acquisition, Legrand strengthens its position in datacenters, a rapidly developing segment that represented 15% of the Group’s revenue in 2023.
Benoît Coquart, Legrand’s Chief Executive Officer, commented: “We are very pleased to announce these investments in areas that are at the heart of buoyant trends (connected solutions, datacenters) and as such, of our growth acceleration strategy. We are also excited to work with the teams of these industry-leading companies.”
1 Subject to standard conditions precedent.
SourceLegrand
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More information on Legrand Care by Legrand: https://www.legrand.com/legrandcare/index.html + Legrand care is a global team created to respond to the Legrand group goal: to improve people’s lives. This shared vision is the essence of our commitment and our consolidated strategy in this new brand.
With over 40 years of experience delivering outstanding, innovative products that clearly set the standard for others to follow, Legrand Care is pioneering the use of digital technology in Technology Enabled Care with a range of products which are all designed and manufactured in-house. Through consumer insight, customer research and cutting-edge design, Legrand Care can deliver tomorrow’s technology today.
- 3M+ Supporting over 3M connected individuals
- 40+ Our products and services are sold in more than 40 countries
- 500+ Working with more than 500 organizations
- 25M+ Handling over 25M events monthly
- 235 employees of Legrand Care, dedicated to improving people’s lives
More information on Enovation: https://enovationgroup.com/en/ + Enovation. The number 1 partner and specialist in the field of digital healthcare and collaboration.
We’re here for the healthcare sector. We’re here for the dedicated professionals who devote their personal attention to each and every patient. We’re here for the organisations who provide ever more complex care to a rising number of people with fewer staff. We’re here for the caregivers and prevention officers. And we’re here for the patients and clients who want to receive the assistance and care they need, today, tomorrow and in the future.
Enovation is based in Rotterdam, employs over 350 people and has annual sales of over €60 million.
More information on Jeroen van Rijswijk (Chief Executive Officer, Enovation): See the full profile on EMR Executive Services
More information on Netrack: https://www.netrackindia.com/ + The advent of computers heralded the birth of many industries in support of it. The rapid growth and advancement in technology that is being witnessed every day necessitates the setting up of data centers with associated paraphernalia of storage systems, networking and telecommunications to handle voluminous data that is threatening to grow exponentially by the minute snowballing into an avalanche.
All this comes with a heavy price tag of increased complexity in setting up and maintenance of the same. There are many constraints and challenges faced by industries today.
The complexities include dealing with copious amounts of cables that connect various components to achieve synchronicity amidst the chaos. The vital components like huge servers and storage systems need to be organized and well accommodated within the given space. As these electronic components consume huge power, they are also subjected to overheating and thus the need arises for cooling systems.
Most importantly security has always been a major concern and issue. As these systems store sensitive data which cannot be compromised, the need for their protection and denial of unauthorized access was of paramount importance.
The need of the hour today is an industry that addresses the constraints and takes over the nitty-gritty’s of the backend and offers the Clients the luxury of carrying on the business at hand.
Having studied and understood the challenges faced by these industries, NetRack offers an array of services that serve to Store, Secure, Integrate and Systemize passive and active network components like:
- Data Center Racks
- Acoustic Racks
- iRack & iRack Blocks
- Server & Networking Racks
- High Density Open & Closed Racks
- Data Center Technology Products
- Customized Racks
- Lab Racks & Furnitures
Based in Bangalore and employing over 250 people, Netrack reports annual revenue of around €10 million.
More information on Ravi Raj (Director Sales & Support, Netrack): See the full profile on EMR Executive Services