Legrand acquired Numeric UPS [Mar 2012]

March 22, 2012 5:09 am

In an aim to reinforce its positions in the new economies and in the fast-growing UPS market, Legrand of France has acquired Numeric, a leading low and medium power UPS solutions provider in India.
Legrand is actively pursuing its strategy of development through self-financed acquisitions of small to medium-size businesses with leading positions in their markets, and announced the acquisition of Numeric UPS, the UPS division of Numeric.
According to press release issued by Legrand, “The Numeric UPS acquisition, which follows Legrand’s purchase of Indo Asian Switchgear in July 2010, strengthens the group’s presence in India, where it already holds strong positions in miniature circuit breakers, distribution enclosures and high-end wiring devices. Numeric UPS brings Legrand a portfolio of quality products, strong brand awareness, and an extensive sales and service network of over 1,500 employees that covers the entire nation and rounds out the group’s reach in India. Legrand is thus strengthening its presence in a fast-growing market where it has recorded organic growth in sales averaging nearly 25 per cent a year over the past decade”.
The Numeric UPS transaction comes after Legrand’s acquisitions of Inform, Turkey’s number-one UPS provider; Meta System Energy, an Italian modular UPS specialist; and SMS, Brazil’s UPS leader, and continues the group’s expansion into the promising UPS market – a business line that offers an excellent fit with energy-distribution and energy-performance activities, two of the group’s growth areas.
Based mainly in Southeast India, Numeric UPS has eight production sites, a workforce of 2,500 and its sales reach nearly €80 million.