December 6, 2023
5 Big Questions: Legrand | Tom Lowery
How is Legrand faring in 2023? How does Wattstopper's parent perceive the evolving controls market? Will there be more lighting acquisitions?
Tom Lowery, President of the Lighting and Building Controls System Division at Legrand, provided insights into the company's strategy and performance in the lighting sector.
Unlike other large electrical companies such as Hubbell, Eaton, and Schneider Electric, which have seen a cycle of investment and divestment in lighting divisions, Legrand has maintained its steady investments in the lighting sector with an approach that has been characterized by fostering a culture of autonomy that deeply understands and caters to the unique requirements of lighting stakeholders.
With a notable increase in liquid assets—from €2.4 billion at the end of 2022 to €3.2 billion as of September 30, 2023—Legrand appears well-positioned for strategic investments, including further potential acquisitions, so we ask Lowery about M&A possibility.
Above: Some key acquisitions of lighting and controls brands have enhanced Legrand's brand portiolio
Hear it Straight from Tom Lowery, President, Lighting & Building Controls Systems Division at Legrand
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