Legrand Acquires Cogelec Développement and Major Stake in Cogelec

Legrand, a leading global specialist in electrical and digital building infrastructures, has completed the acquisition of Cogelec Développement. This acquisition encompasses all shares which indirectly include 5,347,065 Cogelec shares, accounting for 60.09% of its share capital and 75.07% of its voting rights. The purchase was executed at a price of 29 euros per Cogelec share.

Following this acquisition, Legrand France plans to initiate a mandatory simplified tender offer to acquire the remaining shares of Cogelec. If certain thresholds are met, a squeeze-out procedure might be pursued under existing legal and regulatory frameworks.

Consequently, Cogelec's board of directors now features a majority of Legrand representatives. Despite this shift, Mr. Roger Leclerc will maintain his role as Chairman and CEO until the end of 2025 and continue as Chairman until mid-2026.