Smart Grids: French LACROIX Group acquires SAE IT-systems

Düssel­dorf — The French medium-sized company LACROIX has acqui­red SAE IT-systems, a specia­list in control tech­no­logy for moni­to­ring and secu­ring power grids and infra­struc­ture in the field of rene­wa­ble ener­gies. Luther advi­sed LACROIX on the transaction.

LACROIX Group, listed on Euron­ext, is an inter­na­tio­nal supplier of tech­ni­cal equip­ment. The company’s goal is to deve­lop tech­ni­cal solu­ti­ons for a connec­ted and sustainable world. LACROIX has loca­ti­ons in France, Germany, Poland, Tuni­sia, Spain, Italy and Singapore.
LACROIX provi­des secure, networked equip­ment for the control of smart road infra­struc­ture as well as for the control of water and energy infra­struc­ture. In addi­tion, LACROIX designs and manu­fac­tures elec­tro­nic equip­ment for custo­mers in the auto­mo­tive, home auto­ma­tion, aero­space, manu­fac­tu­ring and health­care industries.
SAE IT-systems deve­lops and produ­ces tele­con­trol and station control tech­no­logy for the appli­ca­tion areas elec­tri­city, gas, heat, water, indus­try and infrastructure.
Toge­ther with SAE IT-systems, the LACROIX Group aims to meet the chal­lenges of tomorrow’s power grids, namely the inte­gra­tion, moni­to­ring and control of rene­wa­ble energy sources, the deve­lo­p­ment of smart distri­bu­tion grids and consump­tion control. With these new capa­bi­li­ties, LACROIX is ente­ring the energy networks and “smart grids” markets.
Among other things, the law firm Luther contri­bu­ted its energy and infra­struc­ture exper­tise to the transaction.

For LACROIX: Luther
M&A/Corporate: Dr. Michael Kröm­ker, MBA (lead), Kamil Flak, Marc Urlichs (all Düssel­dorf), Michael Strö­bel, LL.M. (Stutt­gart)
Anti­trust and Regu­la­tory Law: Guido Jansen (Part­ner), Anne Caro­line Wegner, LL.M. (Part­ner), Franz-Rudolf Groß, Benja­min Schwen­ker, Julia Lech­ten­böh­mer (all Düsseldorf)
Envi­ron­ment Plan­ning Regu­la­tion: Dr. Stefan Alten­schmidt, LL.M. (Part­ner, Düsseldorf)
Real Estate Law: Dr. Phil­ipp Pröbs­ting (Part­ner, Düsseldorf)
Employ­ment Law: Hans-Chris­­tian Acker­mann (Part­ner, Düsseldorf)
Tax Law: Nicole Fröh­lich (Part­ner), Ulrich Siege­mund (Part­ner), Ramona Hubracht, LL.M., Nicole Rauer, LL.M., Jessica Lüdde­cke (all Frank­furt am Main)
IP/IT: Sebas­tian Laou­to­u­mai, LL.M. (Essen)
Lacroix Legal Depart­ment: Franck Legrand (Gene­ral Counsel)