LACROIX Group completed the acquisition of SAE IT Systems.

LACROIX Group, an international technological equipment supplier, completed the acquisition of SAE IT Systems, a German provider of connected equipment to monitor and secure electric grid and renewable energy infrastructures. Financial terms were not disclosed. "We, at SAE IT-systems, are really confident with this new step of our development. By sharing views and opportunities with LACROIX Group, we will be able to expand on strategic markets and address new opportunities. Our future is looking bright," Joachim Schuster, SAE IT Systems Managing Director.