LACROIX group

What LACROIX group does

LACROIX is a French family-controlled technology and industrial mid-cap, listed on Euronext since 1992 with the Bedouin family holding approximately 62% of shares. Founded in 1936 and headquartered in Saint-Herblain, France, the group operates two activities: Electronics, in which it designs and manufactures embedded electronics and industrial IoT solutions for automotive, industrial, Home and Building Automation, avionics, defense and healthcare customers (ranked among Europe's TOP 10 and the world's TOP 50 EMS providers); and Environment, in which it delivers connected and secure IoT solutions for water networks, HVAC, Smart Grids and Smart Lighting, anchored by the SOFREL brand and the LX CONNECT/LX SCADA software platform.

The Electronics business generates revenue through B2B design-and-manufacture services on long-lifecycle, multi-year EMS programs, while the Environment business sells RTUs, sensors, data loggers (SOFREL LogUp) and a SaaS IoT platform (LX CONNECT, LX SCADA) to public and private operators of critical infrastructure. In 2025, Electronics contributed €304M and Environment €141M of the group's €445M total revenue, with 2,850 employees and operations across 10 countries in EMEA, APAC and the Middle East.

Under the Leadership 2025 strategic plan, LACROIX has executed a deliberate portfolio simplification, divesting its historical Signalisation business (2024), the City-Mobility segment to SWARCO (March 2025) and its North American electronics operations (December 2025), while investing in product launches (series5X for German Smart Grids, LX CONNECT SaaS, LX SCADA), the Symbiose French assembly plant and ESG commitments (EcoVadis 70/100, Gaia 78/100, CDP B). The group is led by Chairman and CEO Vincent Bedouin, with a refreshed executive bench including a new Deputy CEO effective January 2026.

Name

LACROIX group

Legal name

LACROIX Group

Website

http://www.lacroix-group.com

Company type

Public

Founded year

1936

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

French family-controlled industrial mid-cap that designs and manufactures embedded electronics and delivers IoT solutions for water, HVAC, Smart Grid and Smart Lighting networks across Europe, North Africa and Asia.

Ownership category

akta.pro rank

Product category

Electronics Manufacturing Services and Industrial IoT

NAICS

Automatic Environmental Control Manufacturing for Residential, Commercial, and Appliance Use (334512), Totalizing Fluid Meter and Counting Device Manufacturing (334514)

SIC

Industrial Instruments For Measurement, Display, And Control (3823)

akta.pro primary industry

DER Management Systems (DERMS) & Virtual Power Plants (VPP) (EUADAPAD)

akta.pro secondary industries

Telemetry, Metering & Measurement & Verification (M&V) for Flexibility (EUAFAHAJ), DER Dispatch, Aggregation & Virtual Power Plant (VPP) Integration (EUADALAI), DER Program Operations & Customer/Installer Enablement (Applications, Portals, Inspections) (EUADALAO)

Keywords

• Electronics manufacturing services
• Industrial IoT solutions
• Smart grid technology
• Water network telemetry
• Electronic equipment design

Headquarters

HQ city

Saint-herblain

HQ country

France

HQ region

Europe

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Personnel, Operations, Supply Chain, Technology or R&D, Infrastructure, Marketing or Sales

Core offering

LACROIX group is a French technology and industrial mid-cap that designs and manufactures electronic equipment and delivers connected, secure industrial IoT solutions. Through its Electronics activity it provides end-to-end EMS (electronics manufacturing services) and IoT hardware for automotive, industrial, HBAS, avionics, defense, and healthcare customers. Through its Environment activity it provides connected IoT solutions and services for water networks, HVAC installations, Smart Grids, and Smart Lighting to public and private infrastructure operators.

Differentiator

Problem solved

Functional benefit

Brands

• SOFREL: Water network monitoring and telemetry solutions including RTUs and sensors
• LX CONNECT
• LX SCADA
• SOFREL LogUp
• Impulse
• Tegis
• SensyCity

Products and services

• LACROIX Electronics (EMS)
• LACROIX Environment (Connected IoT for Critical Infrastructure)
• SOFREL (Water Network Telemetry)
• series5X Remote Management Units
• LX SCADA
• LX CONNECT
• SOFREL LogUp
• Tegis
• SensyCity
• Impulse (Design Center)

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability2 records

Recent moves10 records

Expansion highlights6 records

Broad incumbents

• Schneider Electric: Global leader in energy management and automation with a deep portfolio spanning smart grids, building automation, and water/wastewater IoT. Directly comparable to LACROIX Environment's addressable market but at vastly larger scale and broader scope.
• Siemens Smart Infrastructure: Division of Siemens covering smart grids, building technologies, and water solutions. Ronald Vrancken, LACROIX's Environment MD, was previously a Siemens country-CEO, reflecting the close competition for European smart-grid and water IoT contracts.

Direct peers

• Landis+Gyr: Swiss-listed smart metering and grid edge intelligence provider focused on electricity, gas, and water utilities. Directly competes with LACROIX Environment in European smart-grid telemetry, AMI, and DER integration solutions.
• Itron: US-listed provider of smart meters, sensors, and IoT network solutions for water, gas, and electric utilities. Highly comparable to LACROIX's SOFREL water telemetry and LX SCADA offering at the utility-customer level.
• Note AB: Swedish-listed European EMS specialist focused on high-mix industrial customers. Comparable as a similarly-sized, geographically-overlapping European EMS peer competing for similar industrial and HBAS business.
• Flex (Flextronics): Global EMS leader with automotive, industrial, and health/lifestyle segments. Comparable as a Tier-1 contract manufacturer competing for the same automotive avionics/defense OEM business as LACROIX Electronics.
• Plexus Corp. US-listed mid-tier EMS provider serving industrial, healthcare, and aerospace/defense markets. Comparable to LACROIX Electronics on customer-segment mix and contract-manufacturing business model.
• Mueller Water Products: North American provider of water infrastructure products and smart-water metering/IoT solutions. Comparable to LACROIX Environment's SOFREL water-network telemetry offering in adjacent geographies.
• Jabil: Global Top-3 EMS provider with strong automotive, industrial, and healthcare exposure. Direct competitor to LACROIX Electronics in European and global EMS contracts for OEM customers.
• Scanfil: Finnish-listed global EMS provider with strong European industrial customer base. Closely comparable scale, geography, and customer-end-market mix to LACROIX Electronics.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/UCJbHbWOsOPnVvP3KXPg3HWA
• LinkedInlinkedin.com/company/lacroix-sa
• Xx.com/lacroix_elec

Revenue estimate

Valuation estimate

Number of profiles

Profiles16 records

Subsidiaries4 records

Funding overview

Funding rounds1 record

Investors5 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A4 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about LACROIX group