Legrand Acquires Majority Stake in Cogelec

Legrand has signed an agreement with Cogelec Développement to acquire a majority stake in the French access control specialist. The acquisition is expected to enhance Legrand’s presence in the market.

Acquisition Details

• Legrand has acquired a majority stake in Cogelec Développement
• The acquisition is expected to strengthen Legrand’s market presence

Financial Performance

Legrand’s stock price has fluctuated between 82.94 EUR and 114.95 EUR over the past 52 weeks, with a current price of 113.4 EUR. Key financial metrics include:

• Price to earnings ratio: 25.1
• Price to book ratio: 3.9

These metrics provide insight into the company’s valuation and financial performance.