Raritan to join Legrand
June 23, 2015 - Legrand has announced that a “definitive agreement” has been signed to acquire Raritan, a New Jersey-based company specializing in data center infrastructure solutions. The scope of the acquisition would include Raritan’s intelligent power and KVM businesses, while its Data Center Infrastructure Management (DCIM) software business would spin off into Sunbird Software, a new company and strategic partner of Raritan to be chaired by Ching-I Hsu, CEO and founder of Raritan.
June 23, 2015 By Renée Francoeur
The transaction is expected to be completed upon the satisfaction of agreed closing conditions, including the receipt of all required consents and U.S. and foreign regulatory approvals, Leviton said.
According to Ching-I Hsu, “Legrand would provide a home for Raritan’s intelligent power business that best maximizes the value of its existing people, expertise, and brand—as Raritan’s products complement and enhance Legrand’s existing portfolio. In addition, Raritan’s corporate culture closely aligns with Legrand’s: demonstrating a client-focused, high-integrity, innovation-based approach to business.”
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