French electrical and digital building infrastructure company Legrand Group has acquired Sydney-based busway power distribution solutions firm VASS Electrical Industries.
Founded in 1958, VASS has 35 staff and "a strong focus on the fast-growing data centre market, as well as commercial and infrastructure segments," Legrand said.
According to the company, the data centre sector is one of Legrand's "fastest growing segments that contributes to around 15 percent of its sales globally."
In Australia, Legrand has seen "double-digit growth year-on-year on its data centre offering," the company said.
The acquisition of Vass follows Legrand's purchase of Auckland-based cable management solution firm Mechanical Support Systems in March 2024.
“Our investment in VASS, as well as Mechanical Support Systems, the New-Zealand market leader in cable management solutions in December 2023, demonstrates the active implementation of our growth strategy in the ANZ market and our focus on increasing our local manufacturing footprint,” said Palash Nandy, CEO at Legrand Australia and New Zealand.
“We are thrilled to welcome and work with the team at VASS. I’m confident that our combined market strengths and complementary solutions will improve the lives of our customers and accelerate their electrical, digital infrastructure and sustainability goals.”
Legrand Australia distributes electrical and digital infrastructure solutions under six brands including Legrand, HPM, Bticino, Starline, Raritan and now VASS.
The company said local manufacturing from its Sydney facility represents 40 percent of Legrand Australia’s revenue.
According to the company, it's global strategic roadmap "focuses on initiatives in growth and development including targeted acquisitions, innovative product launches and expanding into new markets."
Managing director of VASS Christopher Vass said "joining Legrand is a win-win situation. It was a logical next step for us as Legrand is a market leader that shares our commitment to industry excellence and delivering smart, sustainable and innovative solutions."
"We are confident that joining Legrand will help our Australian and global customers take their businesses to greater heights and similarly provides Legrand an avenue to increase and complement their offering to these markets.”