Complementary products and market presence will enhance global reach of networking solution offerings
MELVILLE, N.Y. â€“ Leviton today announced the acquisition of Brand-Rex Ltd., a leading developer of cabling solutions for network infrastructure and high-performance industrial applications. Brand-Rex's proprietary cabling solutions and robust European market presence are a natural complement to Leviton Network Solutions' existing network infrastructure systems offerings and strength in the Americas.
"Leviton's acquisition of Brand-Rex will enable Leviton to offer truly end-to-end global solutions to our customers, while ensuring they receive the same high-quality products and services they've come to expect," said Daryoush Larizadeh, president and chief operating officer of Leviton. "The natural synergies between Leviton and Brand-Rex allow for a pure growth opportunity as we strengthen and expand our geographic and vertical industry presence."
Brand-Rex will provide cabling to complement Leviton's connectivity solutions in Europe, the Middle East, Mexico, Latin America and Asia. Over time, Leviton will use this new expanded geographic presence and logistics infrastructure to offer a wide range of Leviton products in these markets. Leviton will continue its existing cable supplier partnerships to meet the unique needs and specifications of customers in the United States.
"The merging of the two solutions will be welcomed by the growing number of customers that seek quality, standardized and global network infrastructure. It will allow customers to access a broader set of services and solutions with local support worldwide," said Ross Goldman, executive vice president and general manager at Leviton Network Solutions, who will have overall responsibility for the business.
Brand-Rex will join the Leviton Network Solutions division and will continue to be managed by Martin Hanchard, reporting directly to Ross Goldman. Leviton and Brand-Rex will maintain their separate sales and distribution channels, as well as existing manufacturing operations.
Martin Hanchard, chief executive officer of Brand-Rex said: "Our long-term goal for Brand-Rex has always been to join a large multinational industry group that shares our core values. We are delighted to join the Leviton family, and look forward to our customers realizing the benefits of this acquisition."
Don Hendler, chief executive officer of Leviton, added, "I could not be more thrilled about the opportunities this acquisition will provide, and we welcome Brand-Rex to the Leviton family of companies."
Brand-Rex products will continue to use the Brand-Rex name following the acquisition.
Mark Gibson of leading British law firm, DWF LLP, led the team that advised Leviton on the deal, with support from colleagues Charles Jemmett, Jon Stevens and Sophie Doyle.
For more information, please visit www.leviton.com.
Brand-Rex is a global operation, designing, developing and manufacturing the most sophisticated, high performance copper and fibre cabling systems for communications and extreme environment applications. Headquartered in Scotland, UK the company is committed to being a trusted market leading provider of best-in-class communications infrastructure solutions. As well as developing products and systems of the highest quality, the company is entirely carbon neutral and offsets all the CO2 created by the manufacture and distribution of its products.
Leviton is the smart choice, providing the most comprehensive range of solutions to meet the needs of today's residential, commercial and industrial buildings. Leveraging more than a century of experience, Leviton helps customers create sustainable, intelligent environments through its electrical wiring devices, network and data center connectivity solutions, and lighting energy management systems. From switches and receptacles, to daylight harvesting controls, networking systems, and equipment for charging electric vehicles, Leviton solutions help customers achieve savings in energy, time and cost, all while enhancing safety.
CONTACT: Carol Lynch, 631-812-6434, email@example.com
Web Site: www.leviton.com