Neat announces the signature of a joint venture agreement with Legrand
To continue expanding its market presence, Legrand is considered the best partner of Neat.
This joint venture agreement strengthens the position of both companies as manufacturers of tools to help the delivery of social and health services.
Madrid, February 6, 2014
Neat has always been committed to grow on the assisted living market, as exemplified by its continued expansion in the past years. To continue expanding its presence in the market, Legrand is considered the best partner for Neat.
Legrand is an industrial company looking for sustainable businesses and long term agreements. Following its 2011 acquisition of Intervox, France’s leader in telecare systems, and then, in 2013, Tynetec, a frontrunner in this field in the United Kingdom, Legrand believes that Neat’s strong presence in Spain, Germany, Sweden and other European countries like Austria, Switzerland or Norway is a perfect geographical addition to Legrand’s existing operations in care technology market.
Furthermore, this joint venture agreement(1) strengthens the position of both companies as manufacturers of tools to help the delivery of social and health services, more specifically technology for telecare/teleheath services and nursing homes.
Neat also offers an ideal complement to Legrand’s existing portfolio, which includes a range of solutions that promote quality of life for seniors living at home or in specialized institutions with dedicated products including easy-fit sockets, lighting paths to prevent falls, nurse call systems or telecare systems.
Legrand is the global specialist in electrical and digital building infrastructures. Its comprehensive offering of solutions for use in commercial, industrial and residential markets makes it a benchmark for customers worldwide. Innovation for a steady flow of new products with high added value and acquisitions are prime vectors for growth. Legrand reported sales of close to €4.5 billion in 2012.
Neat is a company specializing in solutions for the healthcare sector, mainly in telecare, Internal systems and platform services, with over 25 years’ experience. Neat main offices are based in Spain, Germany and Sweden; it has a staff of more than 90 employees and annual revenues of over €15 million.
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