113 0 Kommentare LACROIX announces the final sale of the Road Signs segment.

LACROIX announces the final sale
of the Road Signs segment

LACROIX announces that it has finalized the sale of its Road Signs segment to the industrial investment company AIAC (American Industrial Acquisition Corporation). The two companies had entered into exclusive negotiations on December 14, 2023. The sale, which has been approved by the relevant authorities, will take effect on April 30, 2024, at which time the segment will be removed from the Group's scope of consolidation.

This divestment reflects LACROIX's intention to focus on group’s businesses that present strong technological synergies, to achieve its ambition of becoming a global leader in industrial IoT solutions and electronic equipment for critical applications by 2025.

As part of the project, disclosed on February 8, 2023, LACROIX was committed to finding a buyer whose project and financial strength would ensure the segment's long-term development.
The choice of AIAC, specialized in long-term investment in industrial companies, meets this requirement.
LACROIX will continue to work alongside AIAC during the transition period, particularly in certain support functions and through commercial relations.

The Road Signs segment, which employs 315 people, generated total revenue of €59 million in 2023, or 7.8% of LACROIX revenue. At the end of last year, the Road Signs segment had been reported as a sub-group available for sale. Consequently, the main impacts are accounted for in the financial statements dated 12/31/2023.

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About LACROIX

Convinced that technology must contribute to simple, sustainable, and safer environments, LACROIX supports its customers in developing more sustainable living ecosystems, thanks to useful, robust, and secure electronic equipment and connected technologies.
As a listed, family-owned midcap with a €761 million euros revenue in 2023, LACROIX combines agile innovation, industrialization capacity, cutting-edge technological know-how and a long-term vision to meet environmental and societal challenges through its three activities: Electronics, City and Environment.
Ranked among the TOP 50 EMS worldwide, the Electronics activity of LACROIX, the Group's industrial backbone, designs and manufactures electronic functions and industrial IoT (hardware, software, and cloud) and AI solutions, for the automotive, industrial, connected homes and buildings (HBAS), avionics and defense, and healthcare sectors.

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