LACROIX Finalizes City-Mobility Sale to SWARCO

LACROIX has completed the sale of its City-Mobility segment to SWARCO, a deal that was finalized after exclusive negotiations announced in December of last year. The sale involves LACROIX's Traffic and V2X business units, which reported revenue of 27.3 million euros in 2023 and employed 122 people at locations in France and Spain. The decision to sell was influenced by LACROIX's strategic shift to focus on core areas of technological synergy, particularly industrial IoT solutions and electronic equipment. SWARCO, a global leader in traffic management and road safety technology, will significantly bolster its presence in the French and Spanish markets with this acquisition, benefiting from the already established infrastructure and market connections of LACROIX. The complementary nature of the companies' technologies and market expertise is expected to create considerable growth opportunities. This transaction aligns with SWARCO's expansion strategy, allowing them to offer enhanced intelligent traffic solutions and expand their product reach. The sale will allow LACROIX to concentrate on sectors where it has stronger value propositions, and the financial impact of the transaction will be reflected in the discontinued operations of LACROIX's interim financial statements.