Legrand has signed a definitive agreement to acquire Lastar, Inc., including its Quiktron and C2G divisions.
Legrand’s acquisition of Lastar and the Quiktron and C2G brands is aimed at strengthening its position and capabilities in the data communications and AV channels. The acquisition would also offer Legrand access to new customer segments. Legrand would offer a broader array of custom and pre-terminated copper and fiber cable assemblies designed for flexibility and efficient installation.
“We are focused on providing a more integrated infrastructure solution including cable assemblies, connectivity, cabinets, racks, cable tray, and cable management solutions that will help address our customers’ requirements for next-generation data communications demands,” says John Selldorff, President and CEO, Legrand, North America. “The acquisition of these leading organizations underscores Legrand’s commitment to strategic growth in the data communications and AV channels.”
As part of this acquisition, C2G would gain access to Legrand’s global resources and capabilities as well as the addition of select data communications and AV products not currently available in their catalog. The addition of Quiktron would provide customers with a fully integrated end-to-end solution along with increased flexibility in design, installation and support services.
“Lastar’s customers would undoubtedly benefit from the increased access to a diverse range of products and the complete turnkey suite of solutions that Legrand would offer” says Bill Diederich, President and CEO, Lastar, Inc. “Upon formal completion, the acquisition would create new growth potential for all parties involved as the data communications, AV and IT landscapes continue to evolve.”
According to a statement on the acquisition, “Consummation of the transaction is subject to the completion of conditions for closing, including the receipt of consents and the expiration or termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, which is anticipated within 30 – 60 days. Until such time, the companies will continue to operate independently.”