The Knowledge Base: Beyond the Badge—Why Membership Matters More Than Ever
Smart Automation: AI—Revolutionizing Inspection in Electronics Manufacturing
Standard of Excellence: The Role of Technology in Enhancing the Customer Experience
LACROIX Announces Acquisition of Firstronic in the U.S.
December 20, 2021 | LACROIXEstimated reading time: 1 minute
LACROIX announces that it has signed an exclusive agreement for the acquisition of a majority stake in the capital of the US company Firstronic with its main shareholders. The Group first acquired a stake in 2017, which it then increased to 12.5%. Subject to the usual suspensive conditions, this operation will be conducted with co-investment from Bpifrance, who will take up a minority stake in Firstronic, through its International Build-Up Fund.
Founded in 1980, Firstronic is an EMS (Electronics Manufacturing Services) serving Tier-1 customers primarily in the automotive, industry, and healthcare sectors in North America. The company relies on two production sites in Michigan (US) and Mexico, and on a team of around 1,300 people.
This operation will significantly strengthen LACROIX’s global position in sectors with increasing demands for electronic solutions. It is extremely relevant from both financial and operational perspectives.
Solid foundations for the development of LACROIX in North America
Perfectly in line with the Group’s strategic ambition to consolidate its positions in the US market, the acquisition of Firstronic makes it possible to establish a strong industrial base on the North American continent and complete an industrial network with a multi-continent reach. It also creates a solid base to accelerate the growth of LACROIX’s various activities in the USMCA region.
“We have had a stake in Firstronic for almost four years now, during which time we have been able to observe the commitment and know-how of Firstronic's teams and the strong potential synergies between our respective entities. Together with keeping in place a highly experienced management team, which has been able to grow the business at a rapid pace, these elements convinced us that a combination would be mutually beneficial and incorporating Firstronic largely facilitated. Proud of the opportunities afforded by a first acquisition such as this on US soil that is as structural as it is historic, we look forward to welcoming Firstronic's teams within the Group and with them, creating a global leader in industrial IoT solutions and electronic devices for critical applications,” says Vincent Bedouin, LACROIX CEO.
Share on:
Suggested Items
Mycronic High Flex Changes Division Name to PCB Assembly Solutions
05/20/2025 | MycronicMycronic AB, the leading Sweden-based electronics assembly solutions provider, announced that its division formerly known as High Flex will now operate under the name PCB Assembly Solutions.
SolderKing Achieves the Prestigious King’s Award for Enterprise in International Trade
05/06/2025 | SolderKingSolderKing Assembly Materials Ltd, a leading British manufacturer of high-performance soldering materials and consumables, has been honoured with a King’s Award for Enterprise, one of the UK’s most respected business honours.
Foxconn's Tiger Leap Combining Nature and Technology in Ecological Roof Garden
04/23/2025 | FoxconnHon Hai Technology Group, the world's largest technology manufacturing and service provider, has actively responded to the United Nations Sustainable Development Goals (SDGs).
IDTechEx Highlights Recyclable Materials for PCBs
04/10/2025 | IDTechExConventional printed circuit board (PCB) manufacturing is wasteful, harmful to the environment and energy intensive. This can be mitigated by the implementation of new recyclable materials and technologies, which have the potential to revolutionize electronics manufacturing.
Bridging the Gap Between PCB Designers and Fabricators
04/03/2025 | Stephen V. Chavez, Siemens EDAWith today’s advanced EDA tools, designing complex PCBs in the virtual world does not necessarily mean they can be built in the real world. This makes the relationship between a PCB designer and a fabricator pivotal to the success of a project. In keeping with solid design for manufacturing (DFM) practices, clear and frequent communication is needed to dial and lock in design constraints that meet expectations while addressing manufacturing concerns.