Legrand acquires Ensto Building Systems
Ellex in Estonia advised Legrand, the global specialist in electrical and digital building infrastructures, on the acquisition of Ensto Building Systems.
Finnish-based, globally operating electrical solution provider Ensto has made a strategic decision to focus on its electricity distribution business, aiming to become a leading expert for Distribution System Operators (DSOs). Along with this decision, Ensto Building Systems business will be acquired by Legrand.
The transaction will benefit the customers, partners, and personnel of Ensto’s both businesses. Legrand, the global strong player in building electrification and digitalization, enables significant growth for EBS and its customers in all its product areas, especially in the Nordics. While the Ensto DSO business will have a full focus to be developed further by the owners, Ensto’s Board, and management with a goal to become the leading expert for DSOs.
“This acquisition is fully in line with our growth strategy as it allows us to expand our geographical footprint as well as to position Legrand on promising markets. EBS, which generated around 120 M€ of revenue, is a leader in diversified low-voltage products in the Nordics and likewise benefits from a strong reputation in fast-growing business with electric vehicle charging stations,” says Benoît Coquart, Chief Executive Officer of Legrand.
Coquart adds: “Legrand is ideally positioned to grow the EBS businesses’ portfolio of high-quality products in the Nordics and other European countries, notably by complementing EBS catalogs with additional product categories, further investing in technology and new products, and continuing to meet EBS customers’ requirements in terms of service.”
After the transaction Ensto with its DSO business will operate in 17 countries, employ approximately 815 people, and have an estimated turnover of 140 M€ in 2021. Ensto Invest Oy continues to be the owner of Ensto Oy and the Family Office of the Miettinen family.
Ellex in Estonia together with White & Case LLP served as legal advisors to Legrand. Ellex team included Partner Risto Vahimets, Senior Associates Julia Kisseljova and Hanna Pahk, Tax Counsel Dmitri Rozenblat, Associate Karin Tartu and Lawyer Eliis Mets.
Legrand is the global specialist in electrical and digital building infrastructures. Its comprehensive offering of solutions for commercial, industrial, and residential markets makes it a benchmark for customers worldwide.
Ensto is a Finnish international technology company that designs and offers electrical solutions for electricity distribution networks, buildings, marine and electric traffic. Ensto Building Systems offers smart, human-centric and flexible electrification, lighting and EV charging solutions for designers, contractors, construction companies, building owners and facility management.