IEK GROUP Financial Director Mikhail Gorbachev spoke at a specialized session of the Cbonds IPO conference - 2025 and shared successful experience in the field of mergers and acquisitions (M&A).
Mikhail Gorbachev noted that the company does not rule out the possibility of becoming public already in 2025, and acquiring new businesses contributes to its expansion. The IEK GROUP Financial Director also emphasized that the M&A strategy is aimed at transitioning from product offerings to complex solutions and ensures business growth and development.
"We strive to offer clients in any industry ready-made complex solutions based on our equipment and software," said Mikhail Gorbachev. "Over the past five years, IEK GROUP has significantly expanded its asset portfolio through M&A and mastered new business directions, which allowed increasing the product assortment. For example, under the LEDEL and FEREKS brands we produce lighting equipment, MasterSCADA is software for automation and dispatching, under the NEOSUN brand we produce solar panels and new-generation lithium-ion batteries. And premium plastic boxes for electrical installation TEKFOR became part of the IEK brand; this series has proven itself well in the electrical equipment market."
Particularly noteworthy is the acquisition in 2023 of Russian assets of the French company Legrand Group, which was recognized as the best M&A deal of the year according to the Investment Leaders Awards 2024.