Legrand: acquires Focal Point in the US
(CercleFinance.com) - Legrand announces the acquisition of Focal Point, a leading US player in prescribed architectural lighting for non-residential buildings, offering tailor-made solutions, in particular for renovation.
Based in Chicago, Focal Point has over 750 employees and generates annual sales of more than 200 million dollars, mainly in the United States. The financial terms of the transaction were not specified.
After the acquisitions of Pinnacle Architectural Lighting in 2016, OCL and Finelite in 2017, and then Kenall in 2018, this takeover (subject to usual conditions precedent) will enable Legrand to strengthen its leadership in the United States in lighting control and solutions.
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