Electrical manufacturer Legrand, based in France, is buying TCL Wuxi, a Chinese manufacturer specialized in modular and high-current circuit-breakers.
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The move reinforces Legrand’s presence in China. Legrand is already active in the energy-distribution segment in China.
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TCL Wuxi, which reports sales of close to & euro; 20 million (US$29.3 million at current rates of exchange) has a sales force of 200. &nbsp ;
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TCL Wuxi is Legrand’s fifth acquisition since January 2007, following HPM, number two for wiring devices in Australia; UStec, a US company specializing in residential structured cabling; Kontaktor, number one for high-current circuit-breakers in Russia; and, most recently, Macse, Mexico’s number one producer of metal cable management systems. Sales of these five companies should represent close to & euro; 200 million on an annual basis.
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Legrand operates in over 60 countries with sales of & euro; 3.7 billion in 2006.