Legrand, North and Central America has signed a definitive agreement to acquire Milestone AV Technologies. The completion of the transaction is subject to customary closing conditions, including termination or expiration of the applicable waiting period under the US Hart-Scott-Rodino Antitrust Improvements Act.
“Legrand is committed to serving the professionally installed AV industry, which is an attractive growth area driven by the advancement and expansion of video applications,” John Selldorff, President and CEO of Legrand, North and Central America, stated. “The combination of Milestone’s display mounting, projection screen and content-capture technologies with Legrand’s offering in enclosures, power, furniture, connectivity and cable management will enhance Legrand’s position in the industry in both the commercial and consumer segments, and make us a more significant AV infrastructure supplier to our customers and channel partners.”
Once the transaction closes, the plan is for Milestone and Legrand’s Middle Atlantic business to come together under the AV Division of Legrand. Both the Milestone and Middle Atlantic product lines will continue to remain in the marketplace, establishing an offering that can be expanded globally to serve AV customers.