LBO France agreed to acquire Crouzet, a worldwide leader specialized in customized switches, electric actuators and automated systems for critical applications, from InnoVista Sensors, a company owned by PAI Partners, The Carlyle Group and Schneider Electric. Thomas Boulman, Partner at LBO France, commented: "This investment in Crouzet illustrates LBO France’s strategy of partnering with leaders in attractive niche sectors with recognized technological expertise customization capabilities, critical applications supplying and international geographical coverage. We have been impressed and comforted by the work done in the past years by the management under the joint ownership of PAI Partners, The Carlyle Group and Schneider Electric. We are now excited to team up with the management to support the Company on its new development phase and are eager to accelerate Crouzet’s ambitious strategy of product and technological innovation, market and geography deployment as well as selected build-up acquisitions."