Legrand North and Central America announced on June 28 it has agreed to acquire Milestone AV Technologies for $950 million. In a release announcing the planned acquisition, Legrand explained that Milestone is a “designer and manufacturer of branded AV products including flat panel mounting solutions, projector mounts, projection screens, PTZ cameras, equipment racks and AV furniture for both the consumer and commercial AV markets.” It added that the acquisition’s closing is subject to customary closing conditions.
Milestone AV Technologies brands include Chief, Da-Lite, Projecta, Sanus, and Vaddio.
Once the acquisition is complete, Legrand plans to bring Milestone’s business together with Middle Atlantic’s business, under the company’s AV division. “Both the Milestone and Middle Atlantic product lines will continue to remain in the marketplace, establishing an offering that can be expanded to serve AV customers globally,” Legrand said.
John Selldorff, Legrand’s president and chief executive officer, commented, “Legrand is committed to serving the professionally installed AV industry, which is an attractive growth area driven by advancement and expansion of video applications. The combination of Milestone’s display mounting, projection screen and content capture technologies with Legrand’s strong offering in enclosures, power, furniture, connectivity and cable management, will greatly 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.”
Milestone’s chief executive officer Scott Gill added, “Legrand and Milestone are recognized for solving customer challenges with innovative products and delivering exceptional customer experiences. Bringing together Milestone and Middle Atlantic under Legrand will allow us to offer an expanded range of highly complementary AV brands to our customers while leveraging combined best practices to deliver continued innovation.”