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

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

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

Business Wire

LIMOGES, France -- February 6, 2013

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

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


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


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