Legrand sees strong sales of Internet connected devices

French power switch and socket maker Legrand expects strong growth from devices that can connect to the Internet and plans to double the number of its product ranges that can network by 2020.
Legrand launched a programme last year called Eliot - or Electricity for the Internet of Things - focusing on devices that can send information about energy consumption, emergency lighting, video door entry phones or the control of electrical installations via tablets or smartphones.
The company expects double-digit sales growth from its connected devices and said sales of such products rose to 300 million euros in 2015 from 200 million in 2014, to make up just over 6 percent of Legrand's 4.8 billion euro revenue.