Legrand and Milestone to blend several major brands but big play is in commercial AV, with synergies between Mid Atlantic, Chief, Sanus, Da-Lite and Vaddio.
Story by Julie Jacobson, Commercial Integrator
Legrand, a giant in lighting controls, home automation, electrical and low-voltage infrastructure, is acquiring Milestone AV, a leading provider of TV mounts, video projection screens and videoconferencing solutions.
The deal is valued at about $950 million.
The combined company will meld industry-leading brands in the home-technology sector including, from Milestone: Chief and Sanus (mounts) and Da-Lite (video projection screens); from Legrand: OnQ (infrastructure and mass-market home automation), NuVo (multiroom audio), Qmotion (motorized shades), Middle Atlantic (equipment racks and storage) and Vantage (lighting controls), among others.
