PRESS RELEASE: WEST HARTFORD, Connecticut, United States – Legrand, North & Central America (LNCA) has this week announced that it has entered into a definitive agreement to acquire Universal Electric Corporation* (UEC).
UEC is a global leader in the development of flexible, customisable power distribution systems and manufacturer of the STARLINE and U-S Safety Trolley suites of products.
UEC will become part of LNCA’s Data Centre Power and Control division along with several other premium, best-of-breed brands: Server Technology, Raritan, AFCO, Electrorack and Ortronics.
UEC’s power distribution solutions frequently interconnect with Legrand’s other data centre power solutions and this acquisition will enable closer collaboration and more innovative market offerings in the future.
Founded in 1924, UEC has been providing innovative electrical power solutions for the data centre, retail, health care, higher education and industrial markets across the U.S. and around the world.
“We are excited to join Legrand and provide our customers with a significantly broader product portfolio, as well as advanced R&D capabilities and an expanded global reach,” said Joel Ross, President and CEO of Universal Electric Corporation.
“The combination of Universal Electric Corporation and Legrand’s data centre power and control brands will enable us to provide accelerated product development, better service, and faster response times to customers in North America and across the globe.”
Legrand and Universal Electric Corporation expect to complete the transaction within the next sixty days, upon fulfilment of closing conditions. For more information, please visit www.legrand.us
*Subject to standard conditions precedent
About Universal Electric Corporation Universal Electric Corporation:
A pioneer in electrical power distribution since 1924, is a world leader in the development of customisable power distribution systems. Industry innovators for more than 95 years, the company’s premium, flexible products are designed to fit the electrical power needs of any business in any industry. One of the only companies dedicated exclusively to flexible power distribution products, Universal Electric Corporation’s award-winning Starline and U-S Safety Trolley products have revolutionized electrical power distribution in data centres, industrial manufacturing facilities, retail chains and grocery stores worldwide.
For more information, please visit www.uecorp.com or contact Michelle O’Brien Director, Corporate Communications +1 (860) 574.4307 / email@example.com
Read the full story here https://www.uecorp.com/wp-content/uploads/2019/02/LNA-UEC-Press-Release.pdf