Legrand buys Girtz: Legrand stock trades at EUR 129.23 as sales top EUR 3 billion

Published on 10/15/2026 at 10:34 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Legrand announced Girtz acquisition on October 6, 2026 for data centers. Legrand stock costs EUR 129.23 on October 15, 2026 as sales top EUR 3 billion.

Acquisition and data center expansion

Legrand announced the Girtz Industries acquisition on October 6, 2026.
Data center sales are expected to exceed EUR 3 billion in 2026.
Legrand stock traded at EUR 129.23 at 10:31 a.m. CEST at Lang & Schwarz on October 15, 2026.

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Legrand (ISIN FR0010307819) was trading at EUR 129.23 at Lang & Schwarz on October 15, 2026 at 10:31 a.m. CEST. The latest company event was Legrand's October 6, 2026 announcement of the acquisition of Girtz Industries, a US specialist in modular power integration for data centers, according to Legrand.

Girtz strengthens data center reach

The Girtz deal extends Legrand's bolt-on acquisition strategy into modular power and generator solutions. The acquired business serves customers needing backup power and behind-the-meter primary power, with data centers identified as a core application, according to Legrand.

What does Girtz add?

Legrand's strategic case rests on the scale of its data center business. At the September 28, 2026 Capital Markets Day, the company said data center sales would exceed EUR 3 billion in 2026 and represented 32 percent of first-half sales. Its 2027-2030 plan targets organic sales growth of 6.00 to 8.00 percent each year and an adjusted operating margin of 21.00 to 22.00 percent on average, as detailed in the Legrand Capital Markets Day release.

Three milestones show the progression

Legrand reported first-half sales of EUR 5.40 billion, up 13.10 percent, for the period ended June 30, 2026, while adjusted operating margin after acquisitions reached 20.80 percent, according to Legrand. The company then presented its upgraded 2030 roadmap on September 28, 2026, before announcing the Girtz acquisition on October 6, 2026. These three dates show a sequence from operating momentum to longer-term targets and then to another data center-focused addition.

Stock price and investor perspective

The market question is whether acquisitions can support the margin ambitions while expanding Legrand's exposure to power infrastructure for data centers. The first-half figures provide a current operating benchmark, with EUR 5.40 billion of sales and a 20.80 percent adjusted operating margin for the six months ended June 30, 2026.

Legrand stock was trading at EUR 129.23 at Lang & Schwarz on October 15, 2026 at 10:31 a.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Legrand stock.