LACROIX Completes Strategic Sale to SWARCO Group for Growth
LACROIX Concludes Significant Sale to SWARCO Group
LACROIX has officially completed the sale of its City-Mobility segment to SWARCO Group, marking a pivotal move in its strategy. The announcement comes after discussions that began on December 12, 2024, as LACROIX pivots towards its core vision of strengthening its unique position in the world of industrial IoT solutions.
Focus on Core Businesses and Growth Potential
This strategic divestment aligns with LACROIX's commitment to concentrate on its key businesses that demonstrate strong technological benefits, reinforcing its ambition to be a global frontrunner in providing solutions for critical applications. The decision to sell the City-Mobility segment allows the company to direct resources towards areas where they can leverage synergies and enhance innovation.
The Role of SWARCO in Urban Mobility
Choosing SWARCO, a recognized leader in intelligent transport systems, as the buyer was significantly influenced by its strong reputation in the industry. SWARCO's extensive experience and successful track record in mobility solutions such as traffic management systems and road markings complement LACROIX's City-Mobility segment. This relationship opens up promising avenues for collaboration, development, and growth in the urban mobility landscape.
Financial Impact and Workforce Considerations
The City-Mobility division included business units focused on Traffic and Vehicle-to-Everything (V2X) communications, which generated revenue of €30.8 million for LACROIX in 2024, representing 4.6% of total revenues. This segment employed a dedicated workforce of 122 across its locations in France and Spain.
It's important to mention that the City-Mobility activities were classified as “Discontinued operations” in LACROIX's most recent financial outcomes. This categorization underscores a focused strategy in reallocating capital and human resources towards more profitable and innovative ventures.
Looking Ahead
LACROIX is eager to present its annual results, detailing how this strategic sale aligns with broader company goals. Shareholders and interested parties are invited to review these updates on March 31, 2025, marked by transparency and forward-thinking.
Joining the LACROIX Family
The LACROIX Shareholders' Club offers an enriching platform for investors to stay informed and connected. Participation in this initiative reinforces a sense of community and collective progress.
LACROIX's Vision for Sustainability
LACROIX is deeply committed to developing sustainable and safe environments through innovative technology. With a revenue of €636 million in 2024, the family-owned mid-cap company excels in sectors including automotive, healthcare, and connected homes. By focusing on industrial IoT solutions, LACROIX is poised to tackle pressing environmental challenges effectively.
Understanding SWARCO's Impact
SWARCO, headquartered in Austria, continuously enhances the quality of life by refining the travel experience to be safer and more sustainable. Their extensive range of products for traffic management and urban mobility solutions broadly supports their mission. With operations in 25 countries, they are a key player in the industry, representing innovation in mobility.
Frequently Asked Questions
What was the reason behind LACROIX's sale of the City-Mobility segment?
LACROIX aims to focus on businesses with strong technological synergies that contribute to its goal of becoming a leader in industrial IoT solutions.
Who acquired the City-Mobility segment from LACROIX?
The City-Mobility segment was acquired by SWARCO, a recognized global leader in mobility solutions.
What does the City-Mobility segment include?
It comprises Traffic and V2X business units that generated €30.8 million in revenue in the last fiscal year.
What are LACROIX's future plans after this sale?
LACROIX plans to redirect resources towards its core businesses that focus on innovation and sustainability, enhancing its industrial IoT portfolio.
How can investors stay updated on LACROIX's developments?
Investors are encouraged to join the LACROIX Shareholders' Club to stay engaged and receive the latest updates directly from the company.
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