IEK GROUP has commenced the next stage of integrating and developing the assets acquired in 2023 from the LEGRAND group (LLC "Daccord", JSC "Kontaktor", LLC "EBS" - hereinafter the Group). This stage envisions their full merger with all structures of the holding.
"The transition period, during which various business development hypotheses were tested and the Group's strategy was developed, has been successfully completed. The Board of Directors and management have fulfilled all tasks set by the shareholders. The new stage is the continuation of the implementation of IEK GROUP's strategy to unite both its own and acquired brands, new competencies and directions, as well as successful experience in production development, digitalization, R&D, personnel and commercial policies into a single ecosystem," emphasized Yegor Prokhorov, Chairman of the Group's Board of Directors.
In March 2025, the Group's Board of Directors will complete its work, and Mikhail Gorbachev, who holds the position of Financial Director of IEK GROUP, has been appointed General Director of the new business unit.
"The assets acquired by IEK GROUP from LEGRAND - LLC 'Daccord', JSC 'Kontaktor', LLC 'EBS' - complement our competencies in technologies and product solutions. At the initial stage of their integration into our structure, they continued to develop as an independent business. We would like to thank the Board of Directors for stabilizing the asset and its successful management during this transition period," noted Mikhail Gorbachev.
"At this moment, we are proceeding to the next stage - the full integration of the Group's assets into the perimeter of our holding, the development of a unified commercial policy, and the merger of business structures. This will, on one hand, significantly improve the performance of the acquired business units through synergy, and on the other hand, offer the market even more comprehensive solutions," said Andrey Zabelin, General Director of IEK GROUP.