Legrand to Acquire a Majority Stake in Cogelec

Renault Acquires Volvo’s Stake and CMA CGM’s Stake in Flexis

June 22, 2026

Transportation

Volvo Group, Renault Group, and CMA CGM completed a strategic change agreement affecting the ownership structure of Flexis S.A.S., the company tied to their electric commercial vehicle initiative. In the closed transaction, Renault acquired Volvo’s 45% stake and CMA CGM’s 10% stake, and Volvo will remain involved through Renault Trucks, including distribution of Flexis-developed products starting in 2027.

Legrand Acquires Girtz Industries

June 11, 2026

Industrial Services

Legrand announced it has acquired Girtz Industries, a U.S. specialist in custom-engineered modular power enclosures and related services based in Monticello, Indiana. Girtz will operate as a business unit within Legrand’s Electrical Wiring Systems division and its modular power and generator capabilities will support critical power and redundancy solutions for datacenter, industrial, and commercial applications.

Legrand Acquires Encelium

December 6, 2022

Building Products

Legrand has acquired Encelium, an Ontario, Canada–based manufacturer of advanced commercial lighting controls, effective December 6, 2022. Encelium will join Legrand’s Building Control Systems division to expand Legrand’s commercial lighting control portfolio and accelerate product and solution offerings for commercial buildings and facilities managers.

Apax Acquires Majority Stake in CEME Group

March 17, 2022

HVAC & Mechanical

Apax (with Société Générale Capital Partenaires and BNP Paribas Développement) has signed an agreement to acquire a majority stake in CEME Group, a French leader in electrical and HVAC engineering and maintenance. The transaction (subject to competition approval) reorganises shareholding to exit Azulis Capital and the Desbruères family and aims to accelerate organic growth and M&A to expand regional presence and capabilities in energy efficiency and related services.

Vivendi Acquires Amber Capital's Stake in Lagardère

December 16, 2021

Media & Entertainment

Vivendi acquired 24,685,108 Lagardère shares from Amber Capital at €24.10 per share, taking its stake to roughly 45.1% (45.13% reported) and announced it will file a public tender offer for all remaining Lagardère shares at the same price. The transaction (and the planned tender offer) is positioned as a move to obtain control of Lagardère subject to regulatory approvals; Amber Capital remains the selling party.

Quilvest and Crédit Mutuel Equity Acquire Majority Stake in Solem

July 8, 2021

Manufacturing

Quilvest Capital Partners has acquired a majority stake in French IoT device maker Solem, with CEO Frédéric Comte reinvesting significantly and Bpifrance taking a minority stake. Quilvest said it will support Solem's growth both organically and via acquisitions as the company expands its telecare, irrigation and pool connected-device businesses.