PARIS: Legrand (Paris:LR), a global specialist in electrical and digital building infrastructures, announced Friday it has acquired Avtron Power Solutions (Avtron), a Cleveland-based provider of load banks and power quality solutions, in a deal valued at $1.125 billion.
The acquisition strengthens Legrand’s footprint in energy transition-related technologies, particularly in high-growth verticals such as datacenters, microgrids and healthcare. Avtron is expected to generate nearly $350 million in revenue in 2025, with over 70% of its sales coming from the United States.
Avtron employs 600 people and operates five manufacturing sites across North America and Europe. The company is recognized for its innovation in critical power applications, including liquid-cooled load banks designed to support high-density artificial intelligence workloads in datacenters.
“This transaction marks a strategic step forward in the energy transition space,” said Benoît Coquart, Legrand’s CEO. “We are thrilled to welcome Avtron, the global leader in load banks, into the Legrand family. Their expertise aligns perfectly with our Ambition 2030 plan.”
Nearly half of Avtron’s revenue is derived from datacenter clients, reinforcing Legrand’s position in the sector, which already accounted for 24% of its revenue in the first half of 2025.
The acquisition meets Legrand’s financial criteria for valuation multiples and value creation, the company said.