Legrand (LR) expands with fifth acquisition, buying Malaysian firm SRS Power
Legrand announced on 20 May 2026, the acquisition of SRS Power Engineering, a Malaysian company specialising in low and medium voltage electrical protection solutions for data centres and industrial applications. This marks the French group's fifth acquisition this year, with all transactions targeting the energy transition and data centre sectors. Shares of Legrand (LR) are trading up 2.6% at €149.45 following the announcement.
The strategic move underscores Legrand's focus on high-growth markets, where data centres alone accounted for nearly half of its revenue by the end of 2025. SRS Power Engineering brings complementary expertise critical for the reliability of digital and industrial infrastructure, aligning with Legrand's stated commitment to these strategic segments.
This latest development follows a period of market fluctuations for the stock, which had closed yesterday at €145.60. The group had previously reported robust first-quarter results, also bolstered by demand from data centres. The integration of SRS Power Engineering continues this momentum, reinforcing Legrand's strategic positioning.
Why Legrand's Targeted Acquisitions Are Powering Its Stock
Legrand is a French company that designs and manufactures the essential electrical and digital infrastructure found within buildings. Think of everything that allows electricity to flow safely and data to move efficiently in an office, factory, or data centre; Legrand provides the switches, sockets, cabling systems, power protection solutions, and many other components. Their customers are primarily building professionals, industrial businesses, and data centre operators who need reliable systems for their installations.
The primary driver behind Legrand's stock rise today, 20 May 2026, is the announcement of its acquisition of SRS Power Engineering, a Malaysian company specialising in electrical protection. This isn't an isolated move; it marks Legrand's fifth acquisition this year, with each one strategically focused on high-growth sectors like energy transition and data centres. These areas already accounted for nearly half of Legrand's revenue by the end of 2025, and integrating SRS further strengthens the company's expertise and market presence in these crucial, forward-looking segments.
The market is clearly responding favourably to this focused expansion strategy, pushing Legrand's share price higher. The stock is currently up 2.6%, trading at €149.45, after closing yesterday at €145.60.
Consider a well-regarded chef who, instead of simply opening more of their existing restaurants, acquires a specialist ingredient supplier known for a rare, high-demand product that perfectly complements their signature dishes. It's not just about getting bigger; it's about acquiring specific quality and specialisation that enhances their core offering and strengthens their position in an expanding culinary niche.
Legrand
Legrand S.A. (LR) is a global provider of electrical and digital infrastructure solutions for buildings. Its extensive product portfolio encompasses miniature circuit breakers (MCBs), residual current devices (RCDs), and other DIN rail equipment, alongside power distribution components such as air circuit breakers (ACBs) and moulded case circuit breakers (MCCBs). The company also supplies enclosures, wiring accessories, home automation systems, and a range of safety and security equipment, including emergency lighting and access control solutions. Legrand's offerings extend to uninterruptible power supplies (UPS), structured cabling systems, and various cable management products. These solutions are deployed across diverse environments, from residential and commercial properties to hotels, offices, data centres, industrial facilities, shops, hospitals, schools, and universities. Established in 1865, Legrand S.A. is headquartered in Limoges, France.