This Research Note examines Hager Group, the German supplier of electrical distribution products for residential applications, which has extended its business focus to commercial buildings. We comment on its recent inorganic growth strategy in energy management software and services, before analyzing the impact of their acquisitions since 2010. Hager Group Profile Hager Group is a supplier of electrical distribution products and solutions for residential, commercial and industrial buildings. Founded in 1955, the international, independent, family-owned and run company is headquartered in Blieskastel, Germany. The business employs 13,000 people and generated sales of €3 billion in 2024, with 23 production facilities around the globe and customers in more than 100 countries. Their products and solutions range from energy distribution, cable management and wiring accessories to solutions for building automation, security systems, and energy management under the brands Hager, Berker, Elcom, E3/DC, Bocchiotti/Iboco, Pmflex and Eficia. Recent Acquisitions 2023 – 2025 Recent strategic acquisitions have accelerated […]