LACROIX in Exclusive Talks with SWARCO for City-Mobility Sale

Deal News | Dec 12, 2024 | Globenewswire

LACROIX has announced it is in exclusive negotiations with the SWARCO group for the sale of its City-Mobility segment. This divestment is part of LACROIX's strategic plan to focus on its core businesses in Electronics and Environment, which have a significant positive environmental impact. The City-Mobility segment, including Traffic and V2X business units, generated €27.3 million in revenue in 2023 and is operated across France and Spain. SWARCO, headquartered in Austria, is a global leader in mobility solutions. This acquisition will help SWARCO strengthen its European presence, particularly in France and Spain. Both parties aim to complete the transaction by the first quarter of 2025, after consultations with employee representatives. LACROIX has committed to keeping its shareholders informed through regular updates.

Sectors

Mobility Solutions
Electronics and IoT

Geography

France – LACROIX's City-Mobility segment operates across French sites, making this geography relevant to the divestment.
Spain – One of the City-Mobility segment's operational sites is in Spain, pertinent to the transaction.
Austria – SWARCO is headquartered in Wattens, Austria, and is the acquiring company.

Industry

Mobility Solutions – This industry covers companies providing technology and solutions for traffic management, road markings, and smart mobility, relevant to SWARCO.
Electronics and IoT – LACROIX operates in this sector through its strategic focus on Electronics, developing IoT solutions for various applications.

Financials

27.3 million euros – Revenue generated by the City-Mobility segment in 2023.

Participants

Name	Role	Type	Description
LACROIX	Vendor	Company	A midcap company focusing on Electronics and Environment, divesting its City-Mobility segment.
SWARCO	Buyer	Company	An Austrian company and global leader in traffic technology acquiring LACROIX's City-Mobility segment.