Market Buzz

Legrand has announced that a definitive agreement has been signed to acquire Raritan, a New Jersey-based company for data center infrastructure solutions. The scope of the acquisition would include Raritan’s intelligent power and KVM businesses, while its Data Center Infrastructure Management (DCIM) software business would spin off into Sunbird Software, a new company and strategic partner of Raritan to be chaired by Ching-I Hsu, CEO and founder of Raritan.