Lacroix Group Sells City-Mobility Segment to SWARCO

Lacroix Group SA ( (FR:LACR) ) has issued an announcement.

Lacroix Group SA has finalized the sale of its City-Mobility segment to SWARCO, effective February 28, 2025. This strategic move allows Lacroix to concentrate on its core businesses with strong technological synergies, aiming to become a global leader in industrial IoT solutions and electronic equipment for critical applications. The City-Mobility segment, which includes Traffic and V2X business units, contributed €30.8 million to Lacroix’s turnover in 2024. The sale to SWARCO, a leader in mobility solutions, is expected to create development opportunities and synergies due to the complementarity in geography, technology, and commerce.

More about Lacroix Group SA

Lacroix Group SA is a family-owned SME listed on the stock exchange, with a turnover of €636 million in 2024. The company specializes in designing and manufacturing industrial IoT solutions and electronic equipment for various sectors including automotive, industrial, connected homes and buildings, aerospace and defense, and healthcare. Lacroix is recognized as a leader in electronic subcontracting, ranking in the top 50 worldwide and top 10 in Europe. Additionally, through its Environment activity, Lacroix provides solutions for optimizing water networks, HVAC installations, electrical networks, and public lighting.

YTD Price Performance: -8.93%

Average Trading Volume: 560

Technical Sentiment Consensus Rating: Buy

Current Market Cap: €37.93M

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