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Legrand actively pursues expansion in new economies by acquiring Seico(1) in Saudi Arabia

* Reuters is not responsible for the content in this press release.

Wed Feb 6, 2013 2:40am EST

http://pdf.reuters.com/htmlnews/8knews.asp?i=43059c3bf0e37541&u=urn:newsml:reuters.com:20130206:nBw057132a

* Legrand takes control of Seico, Saudi leader in industrial metal cable trays
* Legrand thus strengthens its presence in Saudi Arabia, a high-growth market
where it is already leader in wiring devices

LIMOGES, France--(Business Wire)--
Regulatory News: 

Legrand (Paris:LR) is actively pursuing its strategy of development through
self-financed acquisitions of small to medium-size businesses with leading
positions in their markets, and today announced the purchase of Seico. Seico is
the leader of the Saudi market for industrial metal cable trays, a segment where
it is also a top player in other countries in the Gulf Cooperation Council(2). 

The move expands Legrand`s presence in Saudi Arabia, a fast-growing market where
the group already ranks first in wiring devices. Seico`s strong ties to key
players in the oil and gas vertical market in the Gulf also strengthen Legrand`s
positions in this high-growth market segment. 

Seico has three production plants in Saudi Arabia which manufacture all of its
output, and its 2012 sales totaled around €23 million. 

Key financial dates

* 2012 full-year results: February 14, 2013
* 2013 first-quarter results: May 7,2013
* General meeting of shareholders: May 24,2013

ABOUT LEGRAND

Legrand is the global specialist in electrical and digital building
infrastructures. Its comprehensive offering of solutions for use in commercial,
industrial and residential markets makes it a benchmark for customers worldwide.
Innovation for a steady flow of new products with high added value and
acquisitions are prime vectors for growth. Legrand reported sales of over €4.2
billion in 2011. The company is listed on NYSE Euronext and is a component stock
of indexes including the CAC40, FTSE4Good, MSCI World, ASPI and DJSI (ISIN code
FR0010307819). www.legrand.com

(1) Seico: Saudi Electric Industries Company 

(2) Saudi Arabia, Bahrain, United Arab Emirates, Kuwait, Oman and Qatar

Investor Relations:
Legrand
François Poisson
Tel : +33 (0)1 49 72 53 53
Fax : +33 (0)1 43 60 54 92
francois.poisson@legrand.fr
or
Press Relations:
Publicis Consultants
Robert Amady
Tel : +33 (0)1 44 82 46 31
Mob : +33 (0)6 72 63 08 91
robert.amady@consultants.publicis.fr



Copyright Business Wire 2013

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