Legrand to Acquire On -Q Technologies, Inc. - Becomes Leading Supplier of Solutions for the Networked
On-Q/Legrand, which will be headquartered in Harrisburg, PA, brings together On-Q Home and Greyfox to deliver unmatched systems solutions, dynamic marketing and product innovations.
West Hartford, Connecticut, February 24, 2005 - Legrand announced today that it will acquire On -Q Technologies, Inc., known as On -Q Home, Harrisburg, PA. On -Q Home and Legrand's Greyfox business unit will be brought together to form On -Q/Legrand, the leading provider of solutions for the connected home market. On -Q/Legrand becomes the fifth business group of Legrand in North America.
"On -Q/Legrand, which will be headquartered in Harrisburg, PA, brings together On -Q Home and Greyfox to deliver unmatched systems solutions, dynamic marketing and product innovations," said John Selldorff, president and CEO, Legrand North America. "We believe On -Q/Legrand's breadth of innovative solutions and products and depth of sales and marketing experience is second -to -none in this market."
Since its founding in 1999, On -Q Home (www.onqhome.com), a privately -held corporation, has experienced a compound annual growth rate of 25 percent. The company has consistently won awards for its products, performance and industry leadership and has held the number one market position since its inception. On -Q Home develops and markets systems for shared broadband internet access, wireless connections, multi -room audio and video distribution, home theaters, and home controls for lighting, heating/cooling and security.
Established in 1994, Greyfox (www.greyfox.com), a business unit of Pass & Seymour/Legrand since 2001, is a pioneer in the networked home market. The company develops products that enable the networking of entertainment, security, communications and computer systems within the digital home. Greyfox systems support high -bandwidth, two -way voice, video and data communication."We will expand consumers' perception of the possibilities for comfort, entertainment and communication solutions offered by the connected lifestyle," said Doug Fikse, former president of On -Q Home, and the newly -appointed president of On -Q/Legrand. "Our vision is to make our distributors, dealers and builders the most successful in this market by offering innovative solutions, sales and marketing tools, training and support."
The On -Q Technologies acquisition by Legrand furthers the company's goal to bring residential home systems to customers around the globe. The acquisition follows the successful launches of My Home in Italy, as well as, In One by Legrand in France. These home automation offerings are being extended to other parts of Europe, Latin America and Asia.
Legrand, Limoges, France is the world's specialist in products and systems for electrical installations and data networks in residential, commercial and industrial buildings. Its catalogs feature more than 130,000 products, and it operates in more than 60 countries with sales of €2.9 billion.
About Legrand North America
Legrand's North America businesses include Pass & Seymour/Legrand (www.passandseymour.com), a leading manufacturer of electrical and network wiring devices; Wiremold/Legrand (www.wiremold.com), a market leader in wire management and cabling systems; Ortronics/Legrand (www.ortronics.com), a leading manufacturer of premise wiring connectivity products; and Watt Stopper/Legrand (www.wattstopper.com), offering an extensive range of energy management and lighting control products. Legrand North America is a business of Legrand (www.legrandelectric.com), which is headquartered in Limoges, France. Legrand, Limoges, France, is the world's specialist in products and systems for electrical installations and data networks in residential, commercial and industrial buildings. Its catalogs feature more than 130,000 products, and it operates in more than 60 countries with sales of €2.9 billion.