Deal of the month: Clairfield advises Euronext-listed Lacroix Group on crossborder acquisition of SAE IT-Systems

 

Lacroix Group, an international technological equipment supplier, acquired the SAE IT-Systems GmbH & Co., a German provider of connected equipment to monitor and secure electric grid and renewable energy infrastructures. With 75 employees and EUR 15 million in revenue, SAE IT-Systems will bring new skills to the Lacroix Group. The acquisition radically strengthens Lacroix Group’s position in smart environment technology where it is the leading French equipment provider for water and heating infrastructure management.

The Lacroix Group, 70% family-owned and 30% listed on Euronext Compartment C, is headquartered in Nantes and employs 400 people with revenues of EUR 440 million. Its three core businesses are Lacroix City, Lacroix Sofrel and Lacroix Electronics, aiming at serving a connected, sustainable world through its technological and industrial excellence.

With inroads to the players on the German sell side, Clairfield International was able to provide added value beyond the typical transaction advisory. Clairfield is honored to continue to advise Lacroix on its worldwide acquisitions.

Clairfield made a difference and added significant value to Lacroix group to close the transaction in a competitive auction situation. Their solution-oriented consulting approach contributed greatly in this challenging deal to put Lacroix in the “pole position“ at the end.
— Nicolas Bedouin, CFO, Lacroix Group

Deal team: Christian de de Charentenay (France), Darius Kianzad (Germany)

Read more here:  2019.02 Clairfield deal of the month Lacroix