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(AOF) – Lacroix announces that it has finalized the sale of its Signaling segment to the industrial investment company AIAC (American Industrial Acquisition Corporation). The two companies entered into exclusive negotiations on December 14, 2023. Validated by the competent authorities, the sale is effective on April 30, 2024, leading to the segment’s exit from the group’s scope on that date.
This sale marks Lacroix’s desire to refocus on its businesses with strong technological synergies, in order to achieve its ambition to become a global leader in industrial IoT solutions and electronic equipment for critical applications by 2025.
The Signaling segment, which brings together 315 employees, generated a total turnover of 59 million euros in 2023, or 7.8% of the Lacroix group’s turnover.
The Signaling segment was treated at the end of last year as a subset available for sale. Consequently, the main impacts are recognized in the financial statements as of December 31, 2023.
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Sector sheet – Electronics
Large TVs booming
If specialists expected less appetite for large televisions after the health crisis, this is clearly not the case. The IFA highlighted the development of this equipment, with screens that can reach up to 120 inches. This market segment should see its activity driven by next summer’s Olympic Games. Leader for seventeen years in the television market, Samsung offers the most complete technological range. Large televisions are rather standard products for the Korean giant. As for the Chinese TCL, which took second place in the world market from LG, it is banking on the accessibility of its products, with prices significantly lower than those charged by Samsung. The group achieved growth of nearly 68% between the first half of 2021 and 2022 in the segment over 65 inches. Over one year, the average size of screens marketed by TCL increased from 46.3 to 49.9 inches. Another Chinese player, Hisense, is also seeking to gain market share in this niche.
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