on COGELEC (EPA:COGEC)
Legrand to Acquire Majority Stake in Cogelec
Legrand, listed on Euronext Paris, has signed an agreement to acquire Cogelec, a French company specializing in access control technology. This transaction, valued at approximately €254 million, involves acquiring a 60.09% stake in Cogelec, with an offer price of €29 per share. The deal is pending customary conditions and regulatory approval from French authorities. If completed, Legrand plans a tender offer for remaining shares, potentially leading to a full acquisition.
The deal aligns with Legrand's strategic roadmap and strengthens its position in digital lifestyle solutions. Cogelec, with revenue of €74 million in 2024, views this as an opportunity to enhance growth and innovation.
The acquisition is expected to be finalized in late 2025, with Cogelec's shares resuming trading shortly.
R. H.
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