Electrical and data center infrastructure
Legrand
A French listed maker of building electrical systems that has grown into data center power distribution (rack PDUs, white space). Data centers were 26% of 2025 revenue, the main growth engine, while copper input prices and bolt-on acquisitions drive results.
LR.PA Updated Jul 12, 2026 2 AI consumers· 1 recurring
Annual return · 2026-07-10'21+20.3%'22-7.1%'23+12.8%'24+11.9%'25+39.3%YTD+5.9%
Money in ▸Data center operators (hyperscale, white space)●Market share 26%Building electrical (residential & commercial construction)◐
Legrand
▸ Money outAcquisitions (data center & energy-transition bolt-on M&A)●Amount 500 EUR_MCopper, plastics, electronic components●price change 4%
Financials & Segments
- Segments · Data centers (white space, rack PDUs) · Building electrical & digital infrastructure
Revenue from
- Data center operators (hyperscale, white space) High confidence· Market share 26% · 2025 매출 중 데이터센터 · ~EUR 2.4bn
World leader in data center white-space power distribution (rack PDUs, busbar). Data centers were 26% of 2025 revenue (~EUR 2.4bn), with US up ~50%, the main growth engine.Confirms EN Electrical Trends Published Feb 16, 2026: Legrand's record growth driven by data centers (US +50%)Confirms KO KIPOST Published May 1, 2023: Legrand energizes data center segment with intelligent rack PDUs - Building electrical (residential & commercial construction) Medium confidence
Wiring devices, distribution and digital infrastructure for residential and commercial buildings are the traditional core. Group 2025 revenue grew +13.1% ex-FX (organic +7.7%, acquisitions +5.1%); most non-data-center sales are building electrical. Segment-level amounts not disclosed.Confirms EN Investing.com Published Jun 24, 2026: Legrand upgraded by Barclays, Kepler on AI data center demand
Pays to
- Acquisitions (data center & energy-transition bolt-on M&A) High confidence· Amount 500 EUR_M · 2025 인수 연환산 매출 추가 · seven acquisitions
Growth relies heavily on bolt-on M&A. Seven acquisitions in 2025 added ~EUR 500M annualized revenue, of which four data center deals accounted for ~EUR 285M; acquisitions contributed +5.1pp to 2025 revenue.Confirms EN Electrical Trends Published Feb 16, 2026: Legrand's record growth driven by data centers (US +50%) - Copper, plastics, electronic components High confidence· price change 4% · 2026 구매가격 상승 추정(연) · Q1 2026 raw-material inflation +4.2%
Copper, plastics and electronic components are the key inputs for wiring devices, PDUs and busbar. Legrand raised its 2026 purchase-price estimate to ~+4% yearly; in Q1 2026, +4.2% raw-material/component inflation outran +2.3% pricing, cutting adjusted gross margin ~190bps.Confirms EN Investing.com Published May 7, 2026: Legrand Q1 2026 earnings call: raw-material inflation and data center growth