The Legrand Group has signed an agreement for the acquisition of all of ICM Group’s operations.
With brands including Cablofil, Krieg & Zivy, and Métal Déployé, ICM Group is number one worldwide in wire cable trays, an innovative metal cable management system.
In 2004, ICM Group generated net sales of around €100 million, 60 percent on international markets. The Group employs close to 500 people and has six plants in Europe and the U.S. Its head office is in France at Montbard (Côte d’Or).
Through a constantly evolving product range and thanks to sustained R&D efforts, ICM Group offers its customers (distributors, installers and Original Equipment Manufacturers (OEMs)) innovative and economical solutions, while keeping environmental issues constantly in mind.
Designed to provide support and protection to power and communication cables in both commercial and industrial buildings, the Cablofil ranges are in perfect synergy with Legrand's offer.
Gilles Schnepp, Vice-Chairman and CEO of the Legrand Group, said: "By acquiring Cablofil, Legrand is boosting its position in cable management and pursuing its external growth strategy, which is one of the Group's performance leverages, together with product innovation and sales & marketing investments".
Xavier de Froment, Chairman and CEO of ICM Group, added: "Joining up with the Legrand Group will give ICM Group resources—in sales, marketing, industrial and R&D terms—to accelerate growth, especially in countries where the Group is present, namely in Asia, South America and Eastern Europe."
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