# LACROIX Group acquires SAE IT-systems

French mid-cap company LACROIX Group has acquired SAE IT-systems, a provider of connected equipment for monitoring and securing electric grid and renewable energy infrastructures. The acquisition enables LACROIX to enter the smart grid market.

- Type: Acquisition
- Announced: 2019-02-07
- Where: Germany
- Status: completed
- Products: connected equipment for electric grid monitoring and control, substation automation technology
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md), [Automation and Robotics](https://endata.com/sectors/automation-robotics.md)

## Companies

- [LACROIX Group](https://endata.com/companies/37162.md) (acquirer)
- [SAE IT-systems](https://endata.com/companies/37163.md) (target)

## Sources

- [luther-lawfirm.com](https://www.luther-lawfirm.com/en/newsroom/press-releases/detail/smart-grids-luther-assists-lacroix-group-on-acquiring-sae-it-systems), 2019-02-07: "French mid cap company, LACROIX Group has acquired SAE IT-systems, a specialised provider of connected equipment to monitor and secure electric grid and renewable energy infrastructures."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.