30 January 2013
DEALS AND TRANSACTIONS
Summary of Transaction
The acquisition accelerates Legrand's expansion in Brazil, following the acquisition of SMS in 2011, in line with Legrand's strategy of targeted, self-financed acquisitions of small and mid-size companies with leading market positions.
The acquisition of Daneva, uncontested leader of the Brazilian market for connection accessories (including extension cords, multi-sockets and adaptors), rounds out Legrand's offering and existing strong positions in Brazil, where the group is already No. 1 in wiring devices, door entry systems, miniature circuit-breakers, industrial enclosures and UPS.
Based near Sao Paulo, Daneva has nearly 500 employees and reported sales of around €28 million in 2011.
Date of closing
January 18 , 2013
All firms Involved
Demarest e Almeida Advogados
Pavesio Advogados Associados
Lawyers acting in transaction
Paulo Rocha (Senior Partner)
Alessandra Vilardi (Partner)
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