If you thought the increasing speculation of a looming economic recession would do anything to slow down the pace of mergers and acquisitions in AV, think again.
Legrand North and Central America (LNCA) today announced it has acquired Connectrac, a “leader in the development of flexible floor-based cable management solutions that bring power, data and communications to commercial interior applications.”
“LNCA has a strong expertise in power distribution and cable management and adding Connectrac to its portfolio gives the company the ability to reach additional market segments as well as a platform to expand their ecosystem in commercial interiors,” the joint announcement says.
The acquisition means Connectrac is now “part of a large and growing portfolio of interiors- and AV-related products and brands within the Legrand AV division [including] Chief, Da-Lite, Middle Atlantic Products, Projecta and Vaddio,” the joint announcement says.
“Legrand has a rich history in innovating in new spaces and Connectrac brings new open space product solutions designed for flexible work areas,” according to the joint announcement.
“This also supports Legrand’s on-going initiatives to build relationships with architects and designers, end users, and furniture dealers for a range of commercial interiors applications,” the announcement says.
“Flexible access to power is more critical than ever before, given the high volume of mobile devices and the desire to connect from anywhere in the space – not just near the walls” said John Selldorff, president and CEO of Legrand North and Central America in the announcement.
“The acquisition of Connectrac allows us to bring together a unique set of solutions, designed to meet the needs of building owners and occupants at all stages of the building lifecycle,” he said in the joint announcement.
What Connectrac Brings to Legrand
Founded in 2005 by licensed architect Clint Strong and Desiree Edwards, Connectrac offers products “with the flexibility to meet the demands for new technology connectivity while maintaining the aesthetic and structural integrity of the building,” the announcement says.
“We are excited to be joining Legrand and the opportunity to deliver more comprehensive solutions to our customers,” said Strong in the joint announcement.
“Legrand’s organizational depth, global reach, and extensive product portfolio will provide us with the resources and tools to develop new product offerings and solutions that are more valuable to our customers and strengthen our position as a leader in the commercial interiors market,” he said in the announcement.