Companies news
Legrand To Roll Out More Digital Products, Scouts Acquisitions In India
Legrand, the French multinational company into electrical and digital building infrastructure, is planning to tap the potential of Indian market aggressively with a wide range of new products and services and is on the lookout for acquiring more electrical companies and brands in India.
Legrand, which had 5.5 billion euros revenues in 2017, will roll out its internet of things (IoT)-based home and building infrastructure solutions brand 'Eliot' in India by January. The company has opened 'Legrand Innoval experience centres' in Mumbai, Chennai, Ahmadabad and Lucknow to create brand visibility and is soon opening more such centres in Bangalore, Kochi and Dehradun, Benuoit Coquart, CEO, Legrand told Business Today exclusively.
Globally, the company is digitising 40 per cent of its 100-plus product categories. Of them, 30 have already gone digital. The company is acquiring and partnering with suitable technology companies and startups to create the necessary digital eco-system for this transformation in digital home infrastructure. Legrand's comprehensive range of products and systems are used in commercial, residential and industrial buildings and have an accessible market estimated at over euros 100 billion, he said.
