Breaking NewsThe official announcement of telecare and nurse call system manufacturer Tynetec‘s acquisition by commercial and residential electrical company Legrand is here and attached (PDF). This follows on Editor Charles’ article of 24 September and the following comment by Stewart Smith. Terms of the acquisition were not disclosed. All signs (press announcement, website changes and reconfirmation with our contact at Tynetec) indicate that Tynetec will continue to be located in Blyth, Northumberland as a separate business unit within Legrand UK (HQ’d Birmingham) with its current line including the Advent XT Warden Call system, the Reach personal alarm system, the new Reach plus GSM system as well as the recently acquired Aid Call nurse call system as a separate brand. Legrand UK’s stated aim is to enter the healthcare area to complement its existing areas in wiring devices and related areas. The parent, Legrand SA, is a French company with operations in 70 countries, marketing in 180 countries and €1.1 bn in annual sales, with an overall strategy of self-financed acquisitions of small to midsize companies of which Tynetec decidedly fits (see Bloomberg article). In the US, Legrand is best known for wireless lighting and home controls. Certainly this does provide Tynetec, after 34 years of ‘grizzled pioneering’ in the UK, a solid and VC-free parent in the UK–and access to worldwide markets.
Editor’s note: Tynetec has been a long-time supporter through advertising on this website, and Founder Steve and all the Editors appreciate their support.