Brief: Lacroix To Sell Its City - Mobility Segment

Lacroix SA

22/05/2024 08:00

May 22 (Reuters) - Lacroix Group SA  LACR.PA :
    * LACROIX ANNOUNCES THE TRANSFER OF ITS STREET LIGHTING
SEGMENT TO
THE ENVIRONMENT ACTIVITY AND THE PROJECT TO SELL ITS CITY -
MOBILITY SEGMENT (TRAFFIC AND V2X).
    * TO MEET THESE CHALLENGES, LACROIX IS IMPLEMENTING A NEW
ORGANIZATION THAT SHOULD ENABLE IT TO ACHIEVE ITS 2025 TARGET
    * LACROIX'S ENVIRONMENT ACTIVITY WILL THUS COMPRISE FOUR
SEGMENTS:
WATER, HVAC, SMART GRIDS (ELECTRICITY NETWORKS) AND NOW STREET
LIGHTING
    * INTENDS TO SIMPLIFY AND REFOCUS ITS SCOPE ON TWO
ACTIVITIES:
ELECTRONICS AND ENVIRONMENT
    * TRANSACTION COMPLETION WOULD HAVE A POSITIVE IMPACT ON
GROUP'S
OVERALL OPERATING PROFITABILITY.
    * SCOPE OF TRANSACTION INVOLVES 120 EMPLOYEES AT CARROS,
PLOUFRAGAN, AND CESSON FRENCH SITES, AS WELL AS A SPANISH SITE
LOCATED IN MADRID

Source text for Eikon:  ID:nGNE2CksLR 
Further company coverage:  LACR.PA 

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