Legrand acquisitions: CEO Coquart unfazed by profit impact

Benoit Coquart, Legrand's chief executive, stated his company will continue to make "a lot of acquisitions." The goal? To strengthen its position in the global electrical equipment market, perhaps riding the data center boom.

The French company Legrand is well-known for its electrical and digital solutions. CEO Benoit Coquart shared these growth intentions with Haidi Stroud-Watts on Bloomberg's "Insight with Haslinda Amin" on September 30, 2026. Despite the spending spree, Coquart is confident this strategy will not damage the group's financial profits. A gamble? Or pure self-assurance?

Or rather, the multi-million-euro acquisition question. Coquart argues that, even with an impressive series of purchases, Legrand's financial stability will remain unscathed. His optimism likely stems from the sector's inherent strength and the ability to integrate new entities effectively.

The electrical equipment market, especially that linked to data centers and artificial intelligence, is experiencing a significant boom. This high-demand environment allows companies like Legrand to absorb new entities without major disruption. In short, there's enough pie for everyone, and Legrand wants a bigger slice, without sacrificing earnings.

Larger companies are looking to solidify their position by acquiring competitors or specialists in niche markets. This could mean fewer players, but more integrated solutions for customers.

Legrand, a French company, is one of the leading global providers of products and systems for electrical installations and digital infrastructures. For the market, it's a signal that the electrical infrastructure sector, especially digital ones, is buzzing. Those who don't buy risk being bought, or perhaps, simply falling behind.