Legrand Acquisition of Raritan, Inc. Complete
Establishes Legrand as Frontrunner in the Intelligent Power Market; Raritan to be Led by Doug Fikse
WEST HARTFORD, Conn. –Â Legrand, North America announced today its acquisition of Raritan, Inc. is now complete, making it a leader in the growing intelligent power market. Doug Fikse has been appointed President of Raritan, and will report to John Selldorff, President and CEO of Legrand, North America.
"Intelligent power is an exciting market that continues to grow with the increased use of connected devices," said Selldorff. "Legrand's data center customers value the solutions we bring to market. And given Raritan's innovative culture, this acquisition strengthens Legrand's position in the global data center market and positions us to provide our customers even better, more advanced offerings."
Fikse has more than 30 years of engineering and leadership experience in the building controls and automation, and electrical power industries.
Raritan will operate as an independent business within Legrand North America. Raritan's intelligent rack power distribution units (PDUs), sensors, and KVM switch products provide data centers of any size the control needed to increase power management efficiency, improve productivity and enhance operations. Its leadership position in the growing intelligent power market strengthens Legrand's global position and expands its reach and breadth of solutions for data center customers.
To learn more about Legrand visit: www.legrand.us. To learn more about Raritan, visit: www.raritan.com.
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, including in particular connectable products enhancing value in use. 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 power management solutions and KVM-over-IP for data centers of all sizes. In more than 50,000 locations worldwide, Raritan's award-winning 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. www.raritan.com
SOURCE Legrand
CONTACT: Nicole Espasa, Nicole.Espasa@raritan.com, (732) 764-8886 ext.1269; or Beth Welch, beth.welch@legrand.us, (860) 263-3231
Web Site: http://www.legrand.com
