The Executive Board of Austrian based traffic technology group SWARCO has announced that it is in exclusive negotiations with the listed French company LACROIX to acquire its traffic technology division, Lacroix-City, which consists of three companies.

The companies manufacture signal heads, controllers, variable message signs and signs for passenger information and also supply software for C-ITS and V2X communication. The number of employees is approximately 120 at the Carros and Ploufragan sites (France) and Madrid (Spain), and consolidated sales in 2023 amounted to around €27 million.

LACROIX intends to refocus its scope on two activities, ‘Electronics’ and ‘Environment’, and sell the traffic technology business to SWARCO. SWARCO aims to strengthen its business activities in the French-speaking and Spanish markets and thus expand its leading market position in ITS in Europe.

The transaction is expected to be completed in the first quarter of 2025, subject to the successful conclusion of negotiations.

PIC-SWARCO