Swarco in talks to acquire French traffic tech company

Swarco is in "exclusive negotiations" to buy the traffic technology division of French company Lacroix.

Lacroix-City comprises three firms which manufacture signal heads, controllers, variable message signs and signs for passenger information, as well as supplying software for cooperative ITS (C-ITS) and Vehicle to Everything (V2X) communications.

The deal is expected to complete in the first quarter of 2025.

With revenues of €27.3 million in 2023, the business unit employs 122 people across the French sites of Carros (Alpes Maritimes), Ploufragan and Cesson (Brittany), as well as the Spanish site in Madrid.

Lacroix will refocus on electronics and environment, with Swarco strengthening its business activities in the French-speaking and Spanish markets.