Legend Corporation (“Legend”), a market leading provider of electrical products and industrial solutions, announces that it will acquire 100% of Acculec Group (“Acculec”), a leading designer and supplier of high voltage (HV) products used by power utilities, infrastructure, renewable power and industrial projects in Australia and New Zealand.
The acquisition significantly extends the capabilities of Legend’s HV Power business and enables us to provide a wider range of solutions to customers in a number of growing end-markets.
Commenting on the acquisition, CEO of Legend, Gary Uren, said: “Acculec strengthens our business and brings key high-voltage power transmission and distribution capabilities to Legend, complementing our already well-established medium voltage product lines. One of the things that really attracted us to Acculec was its market reputation for engineering skillsets and its strong relationships with key global players in the medium and high voltage markets.”
Danny Bravo, Sales Director at Legend Power Systems said: “The combination of Legend Power Systems, Acculec and our other global strategic partners effectively means that our team can create unique packaged product solutions for customers across the entire network of power generation, transmission and distribution. It also provides Legend with a stronger edge to compete for larger-scale projects in renewables, infrastructure and mining sectors – all of which offer significant near-term growth prospects to Legend and diversify our end market exposure.”
Legend has been on a continuous transformation since privatising in August 2019, and mainly services customers in the construction, infrastructure, data communications and power sectors across Australia and New Zealand. Through its Legend Power Systems business, Legend supplies a wide range of proven power electrical connectivity, special tools, jointing systems and electrical safety products.
“Legend is a business which continues to transform through strategic M&A and global partnerships, and this transaction supports our focused portfolio of electrical products and industrial solutions. We are excited to onboard Acculec’s team and leverage their technical expertise across the wider business as we meet the evolving demands of all our customers,” Gary Uren added.
The transaction completed 22 April 2021. Financial details were not disclosed.
Read more about it here.
Legend Corporation is a privately owned electrical products and industrial solutions business. Legend’s products are engineered, tested and certified to ANZ standards. With operations in all states and territories in Australia and New Zealand, exports to the USA and elsewhere, Legend is renowned for its product quality and world-class customer service. The group employs more than 350 people, including 16 engineers at multiple manufacturing, engineering and distribution facilities. Legend was privatised by Adamantem Capital in August 2019.
Acculec specialises in the sourcing, manufacture and distribution of quality branded products, consumables and services mainly to owners of electricity transmission, distribution and storage assets, as well as industrial and commercial customers. Acculec’s portfolio includes medium and high voltage insulators, arrestors, switches and line hardware customised for the Australian market. Acculec also distributes lightening protection and power quality equipment.
Courtney Howe | Domestique Consulting
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