LACROIX and AIAC finalize the sale/ acquisition of the Road Signs Business Unit.
Summary
The desire to focus its investments on the strategic markets of industrial IoT and electronic equipment led LACROIX to announce its plan to sell the Road Signs Business Unit on February 8, 2023. AIAC, which focuses on long-term investment in industrial companies, presented a project that met this expectation, and its choice was favorably received by the social partners. As a listed, family-owned midcap with a €761 million euros revenue in 2023, LACROIX combines agile innovation, industrialization capacity, cutting-edge technological know-how and a long-term vision to meet environmental and societal challenges through its three activities: Electronics, City and Environment. The Group helps them to build the industry of the future and benefit from the innovation opportunities around them, providing them with the electronic equipment and IoT solutions for a more sustainable world. AIAC has acquired non-strategic subsidiaries and divisions of large multinationals such as Boeing, Siemens, Lockheed Martin, Northrop Grumman, Raytheon, Johnson Controls, Merck, Pfizer, Astellas, Visteon, Carlyle, Ahlstrom, Tolko, Suez, Rexel, Vallourec, Novelis, Constellium, Sandvick or investment funds such as Riverside and 21 Partners.