(Boursier.com) – LACROIX announces the completion of the acquisition of a majority stake in FIRSTRONIC in the United States. This follows the announcement of the signing of an agreement on December 16, 2021. With the completion of the announced transaction, LACROIX is already well engaged in its new LEADERSHIP 2025 strategic plan, with at its heart its international development, particularly in the United States and Germany.
As a reminder, FIRSTRONIC is an EMS (Electronics Manufacturing Services) serving very important clients, mainly in the fields of automotive, industry and health, in North America. The company relies on 2 production sites in Michigan (USA) and Mexico, with teams of nearly 1,300 people. In strong growth, the company anticipates a turnover
2021 of nearly $ 140 million and EBITDA above 9%.
Through this historic acquisition, LACROIX intends to create a multi-continental leader in electronic equipment and industrial IoT solutions, and benefit from significant industrial and commercial synergies. LACROIX now holds 62% of the capital of FIRSTRONIC, a takeover accompanied by co-investment by the Bpifrance International Build-up Fund, for 26% of the capital.
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