Legrand extends US footprint with Girtz deal, shares hold above key level

By Daniel Hoffmann, Chart & Technicals desk. Reviewed prior to publication on 2026-06-25, 13:39.

Legrand (FR0010307819) is back on investors' radar after confirming the acquisition of US-based Girtz Industries earlier in June, expanding its North American portfolio in power quality and energy management solutions as detailed in the group’s investor communications.

What Legrand announced with Girtz

Legrand disclosed on 10 June that it had signed and closed a deal to acquire Girtz Industries, a US specialist in engineered power solutions for data centers, healthcare facilities and industrial sites, strengthening its position in mission-critical infrastructure.

The transaction supports Legrand’s strategy of focusing capital on high-value segments such as data centers and distributed energy resources, categories that management highlighted in its first-quarter 2026 commentary as structural growth drivers for the group. The company stated that Girtz brings engineered packaged solutions that complement Legrand's existing offer in switchgear, busways and power distribution equipment for US customers.

Analysts highlight data center demand

Broker coverage remains constructive on Legrand, with MarketScreener data showing a consensus rating of "Accumulate" and a median price target of 158 euros versus a recent closing price around the mid-140s, implying mid-single-digit upside from current levels.

Recent comments from Citi and CIC Corporate & Institutional Banking have pointed to robust demand from US data centers as a key pillar of the investment case for Legrand, following a first-quarter report that came in above expectations, supported by strong orders in digital infrastructure and energy-efficient solutions.

The product behind the stock

Legrand’s commercial offer spans electrical and digital building infrastructure, with flagship ranges including its "Naxso" and "LCS" data center solutions that integrate cable management, power distribution and network connectivity for hyperscale and colocation facilities in North America and Europe.

Where the stock trades today

The Legrand shares (FR0010307819) trade on Euronext Paris under the ticker "LR"; as of 2026-06-24, 17:35 local time, the stock closed at 145.75 euros, giving the company a market capitalization in the low tens of billions of euros.

Disclaimer: This article is for informational purposes only and does not constitute investment advice, a recommendation to buy or sell securities, or any form of personal financial guidance. All data are based on sources believed to be reliable at the time of publication but may change without notice.