Legrand to acquire Enovation for €500 million

Legrand is actively implementing its development strategy with two acquisitions in the promising areas of assisted living, healthcare and datacenters, further strengthening the Group’s leadership in its faster expanding segments.

Enovation is the Dutch leader in healthcare software in the market for connected health and assisted living.

Specializing in B-to-B, Enovation’s offerings include software for remote monitoring of elderly and dependent persons using connected objects, sharing health information and data, and coordinating care between facilities, providers, and professionals.

With a loyal customer base and a largely recurring revenue stream, Enovation has a significantly higher adjusted operating margin than Legrand.

Enovation is based in Rotterdam, employs over 350 people and has annual sales of over €60 million.

This acquisition rounds out Legrand’s existing offerings in assisted living, which have been grouped together under the “Legrand Care” brand since 2021 (Legrand | Care). By acquiring Enovation, Legrand Care strengthens its European leadership in technology and software solutions in the assisted living and health market.
MB Bureau