Legrand acquires ICM Group 
(10/12/2006)
Legrand has announced it is acquiring ICM Group.
With brands including Cablofil, Krieg & Zivy, and Métal Déployé, ICM Group is number one worldwide in wire cable trays, an innovative metal cable management system.
This acquisition completes the Group's offer in the field of cable management, where it is world leader.
In 2004, ICM Group generated net sales of around €100 million, 60% on international markets. The Group employs close to 500 people and has 6 plants in Europe and the U.S. Its head office is in France at Montbard (Côte d’Or).
Through a constantly-evolving product range and thanks to sustained R&D efforts, ICM Group offers its customers - distributors, installers and Original Equipment Manufacturers (OEMs) - innovative and economical solutions, while keeping environmental issues constantly in mind.
Designed to provide support and protection to power and communication cables in both commercial and industrial buildings, the Cablofil ranges are in perfect synergy with Legrand's offer.
Recording annual growth of 14% over 8 years, the Cablofil® cable management system has rapidly become a worldwide reference.
By combining these two leading positions, the Legrand Group will round out its geographic coverage, especially in France and the US. It will also strengthen its technological leadership in wire cable trays.
Gilles Schnepp, Vice-Chairman and CEO of the Legrand Group, said: "By acquiring Cablofil, Legrand is boosting its position in cable management and pursuing its external growth strategy, which is one of the Group's performance leverages, together with product innovation and sales & marketing investments".
Xavier de Froment, Chairman and CEO of ICM Group, added: "Joining up with the Legrand Group will give ICM Group resources—in sales, marketing, industrial and R&D terms—to accelerate growth, especially in countries where the Group is present, namely in Asia, South America and Eastern Europe."
Related categories: Cable management system Company changes
