LACROIX announces the transfer of its Street Lighting segment to the Environment activity and the project to sell its CITY - Mobility segment (Traffic and V2X).

22/05/2024

Focus on markets with the greatest potential and positive impact:

LACROIX announces the transfer of its Street Lighting segment
to the Environment activity
and the project to sell its CITY - Mobility segment (Traffic and V2X)

LACROIX operates in markets undergoing rapid transformation, driven by major technological developments (AI, cybersecurity...), as well as the introduction of new business models geared towards more solutions and services. These trends reinforce the need for critical mass, and for the Group to focus its efforts on its high-potential businesses, both in France and abroad.

To meet these challenges, LACROIX is implementing a new organization that should enable it to achieve its 2025 target of becoming a global leader in industrial IoT solutions and electronic equipment for critical applications; this new organization will also serve the Group's ambitions to develop activities with a positive environmental impact.

LACROIX is thus announcing that the Street Lighting segment, previously part of the City activity, is to be integrated into its Environment activity. The Street Lighting segment, with 110 employees (including dedicated sales forces), generated a revenue of €31 million in 2023.

At the same time, LACROIX is launching the project to sell its Mobility segment, which includes the two other City business units (Traffic and V2X). The scope of the proposed transaction represented a revenue of €27 million in 2023, and involves 120 employees at the Carros, Ploufragan, and Cesson French sites, as well as a Spanish site located in Madrid.

LACROIX intends to simplify and refocus its scope on two activities, each one directly addressing one axis of the ambition of the Leadership 2025 plan:

• The Electronics activity, dedicated to the design and manufacturing of electronic equipment for the automotive, industrial, home automation, aerospace/defense and medical sectors;
• The Environment activity, specialized in the supply of industrial IoT solutions for the management of critical water and energy infrastructures.

Towards a stronger Environment activity addressing highly strategic markets around industrial IoT