Legrand confirms US data center push, shares supported by recent acquisition
22.06.2026 - 19:24:43 | ad-hoc-news.de
By Anna Wagner, Analysts & Consensus desk. Reviewed prior to publication on 2026-06-22, 19:22.
Legrand (FR0010307819) continues to expand its presence in the North American data center infrastructure market. The Paris-listed group recently agreed to acquire US-based Girtz Industries to strengthen its offering in power and cooling solutions, as reported by MarketScreener on 10 June 2026.
What recent news shows
According to a MarketScreener news summary dated 10 June 2026, Legrand announced the acquisition of Girtz Industries, a US manufacturer specializing in power modules and generator enclosures for data centers and critical infrastructure. The deal targets growing demand from hyperscale and colocation customers in the United States. Girtz Industries expands Legrand’s portfolio of prefabricated power and cooling solutions, which the group has been building around its existing data center brands in North America.
The acquisition follows a first-quarter 2026 trading update in which Legrand reported demand from US data centers as a key growth driver. In that report, the company said strong orders from cloud and colocation operators helped offset more muted activity in some traditional building segments. Legrand shares trade on Euronext Paris under the ticker LR, with the stock also included in the pan-European Stoxx Europe 600 index.
Analysts stay constructive
Analyst data compiled by MarketScreener show that CIC Corporate & Institutional Banking upgraded Legrand to Buy on 15 June 2026, citing the company’s positioning in fast-growing data center and energy efficiency markets. The same compilation lists an average analyst price target of about 157.63 euros compared with a recent closing price around 151.50 euros, implying mid-single-digit upside potential. Legrand is often compared with European electrical equipment peers such as Schneider Electric when investors assess exposure to data center and building electrification themes.
In addition to the CIC upgrade, several other brokers maintain positive or neutral recommendations on Legrand, pointing to the group’s high margins and strong free cash flow generation. Consensus estimates summarized by MarketScreener indicate that the market expects continued revenue growth in 2026, supported by structural trends in digital infrastructure and energy-efficient building systems.
All news and analysis on the Legrand shares
Further company announcements, analyst opinions and price data on Legrand are available in the dedicated topic section and on the group’s investor relations pages.
How Legrand earns its money
Legrand generates most of its revenue from electrical and digital building infrastructure such as switches, circuit breakers, cable management systems, and data network products. The group also offers solutions for data centers, including busways, racks, power distribution units and now, with Girtz Industries, additional prefabricated power modules for critical installations. North America and Europe remain its largest regional markets, complemented by positions in fast-growing economies.
Where the shares trade today
The Legrand shares (FR0010307819) most recently closed on Euronext Paris at 154.05 euros on 2026-06-22 at 17:55, according to MarketScreener data.
Key data on the Legrand shares
- Company: Legrand SA
- ISIN: FR0010307819
- WKN: A0N7X4
- Ticker: LR
- Trading venue: Euronext Paris
- Price (as of 2026-06-22, 17:55): 154.05 EUR
- Market cap: approximately 38 billion EUR (as of 2026-06-22)
- Sector / industry: Electrical equipment and building infrastructure
- Index membership: Stoxx Europe 600
- Next earnings date: not officially scheduled
This article is for informational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any financial instrument. Historical performance and analyst estimates are not reliable indicators of future results.
