- Business
- LACROIX Group SA designs and manufactures electronic equipment and industrial IoT solutions, including hardware, embedded software, and cloud services; through its Electronics activity, ranked among the world's TOP 50 and Europe's TOP 10 Electronics Manufacturing Services providers, it serves automotive (ASIL-B-level electronics for chassis, powertrain including ICE, X.EV, hydrogen, intelligent LED lighting, body, cockpit, infotainment, HMI), industry (transportation, environment, energy, manufacturing sectors with generic IIoT platforms like LX SENSE sensors, LX GATE gateways, LX IOT suite), home and building automation (access control, thermal comfort, security, electric vehicle charging stations with V2G technology), avionics and defense (on-board systems for aircraft cabin, pilot assistance, energy management compliant with IPC A610 class III), and healthcare (diagnostic tools, medical imaging, patient monitoring with wireless connectivity and robust integration); through its Environment activity, it supplies connected equipment and solutions for water networks, heating ventilation air conditioning systems, smart grids, and smart lighting. Founded in 1936 and headquartered in Saint-Herblain, France, the company operates production sites in Europe, North Africa, and previously North America, with an international footprint across 12 countries, over 4,300 employees, and 2024 revenue of €636 million. In recent strategic shifts, LACROIX finalized the sale of its City-Mobility segment, including traffic and V2X business units generating €27.3 million in 2023 revenue, to SWARCO Group effective February 28, 2025, to refocus on high-synergy industrial IoT and electronics for critical applications; it also announced plans in May 2025 to fully exit North American electronics operations (LACROIX ELECTRONICS MI LLC, with sites in Grand Rapids, Michigan, and Juarez, Mexico, €141 million 2024 revenue, negative €13.5 million EBITDA, 1,251 employees) by end-2025 via potential sale, shutdown, or liquidation amid contract losses, automotive exposure reduction (from 44% to under one-third of revenue), and geopolitical risks, while confirming €600 million revenue and over 4% current EBITDA margin targets for 2025 alongside a September 30, 2025, 2027 roadmap presentation; Q3 2025 consolidated revenue reached €335 million with stabilization reflecting Environment momentum and Electronics improvement.