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LACROIX unveils LEADERSHIP 2025, its new strategic plan.

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07/04/2021

LACROIX unveils LEADERSHIP 2025, its new strategic plan

Strong ambitions:
Becoming an international market leader in industrial IoT solutions and
electronic equipments for critical applications

Accelerating and moving up to a new dimension by 2025
€800m revenue and EBITDA margin1 of approximately 9%

“Since 2016, our Group has embarked on an in-depth transformation that has strengthened its technological expertise and achieved solid revenue and earnings growth. Thanks to these foundations, we have been able to demonstrate our resilience in the face of the unprecedented crisis that marked 2020. We are once again ready to look ahead to the future, driven by strong ambitions that will drive our development for the next five years. This is what the Leadership 2025 plan is all about. It will enable us to build an international market leader in industrial IoT solutions and electronic equipment for critical applications. The mobilisation of our employees and the support of all stakeholders will be key to the success of this new venture.”, declared Vincent Bedouin, CEO of LACROIX.

A transformation already met with success, a solid foundation for new ambitions

With its first strategic plan, Ambition 2020, launched in 2016, LACROIX embarked on a process of in-depth transformation with the ambition of establishing itself as one of the leading players in connected technologies and the ‘Smart World’. This plan was also guided by the will to strengthen the Group’s growth dynamic and its financial performance.

As such, while 2020 should be excluded from the analysis due to its exceptional nature, this first five-year plan has been an overall success, allowing us to build solid foundations for future development.

The creation and strengthening of a unified Research & Development position was pivotal to the development of the Group’s technological expertise. This decision has further reinforced the rapid development of high added value equipment ranges designed by in-house teams.
These ranges have thus contributed over €150 million to revenue in 2019, i.e. nearly a third of total activity compared with less than a quarter in 2016. Over the period 2016-2019, these ranges posted annual growth of around 9% per year compared with an increase of around 1% for other activities.
                                      
Over the past five years, LACROIX has also demonstrated a successful track record in completing and integrating acquisitions with seven successful operations, which have also strengthened the Group’s technological expertise and geographic reach.

The transformation was also evident in terms of human capital, with the development of significant employee shareholding, with over one third of employees holding shares, and more than 40% of new talents who have joined the management teams since 2016.

Finally, our global footprint has expanded, with over 60% of revenue generated internationally and with teams already established across 10 countries.

All these advances represent solid foundations upon which the Group can now set new ambitions, which are deeply embedded in the new Leadership 2025 strategic plan.

Leadership 2025: 5 pillars to meet the new technological challenges of the “Smart World”

Guided by our conviction that technology must contribute to creating simple, sustainable and safer environments, LACROIX has taken on a new purpose with the Leadership 2025 plan: to enable its customers to build and manage smarter life ecosystems through useful, robust and secure connected technologies.

As a result, technology is at the heart of the new plan. Indeed, with the rapid spread of the IoT and the number of connected systems expected to reach nearly 31 billion worldwide by 20252, the Group intends to accelerate its ramp-up with regard to added value connected technological solutions.

To succeed, LACROIX is ideally positioned in target markets faced with major societal, environmental and regulatory challenges such as new mobility, the Smart Grid and more generally, the Smart City. All these fast-growing markets are already benefiting greatly from the massive roll-out of connected technologies.

Against this background, the new plan is based on 5 key pillars:

  1. Strengthening of the Group’s technological leadership with the development of technological platforms based on cutting-edge expertise in fields such as cybersecurity or edge computing. With this in mind, we have set an objective to double R&D expenditure to over 5% of total revenue within five years. This increase in resources devoted to innovation should make it possible for new LACROIX-designed equipments to account for 50% of LACROIX-designed revenue by 2025.
     
  2. Development of our leadership in term of industrial efficiency, based in particular on the opportunities offered by “Industry 4.0” with an increased role in artificial intelligence and robotised automation, the digitisation of flows, and the application of lean production methods. Following the example of “Symbiose”, the new French electronics factory of the future, which will be completed at the end of 2021, these principles will apply to 100% of the Group’s industrial sites by 2025.
     
  3. Expansion of international reach, with the aim of carrying out more than 70% of our total activity outside France within 5 years.  With this in mind, LACROIX intends to focus on strengthening its position in Germany and the United States in particular.
     
  4. Targeted acquisitions, aimed in particular at strengthening existing international activities, setting up a position in complementary market segments, or expanding the ‘smart’ range by integrating new high added value technological building blocks.
     
  5. Finally, the initiation of a transition from an equipment manufacturer role to that of a provider of high added value end-to-end solutions for the “Smart World”, with the roll-out of new services that will over time generate recurring revenue and increase margins.

A value-creating plan for growth and profitability

The implementation of the roadmap established as part of the plan must thus enable the Group to establish itself as one of the global market leaders in industrial IoT solutions and electronic equipment for critical applications.

Achieving this ambition will go along with a boost to our financial performance. By 2025, LACROIX is aiming for revenue of €800 million compared with €441 million in 2020 (proforma 12 months). This realistic ambition includes the acquisitions that could be made over the period.

In terms of profitability, the aim is to achieve an EBITDA margin of around 9%. As a reminder, it stood at 5.9% in 2020.

For 2021, while the Group has already embarked on a path toward the return to growth, LACROIX is confident in its ability to achieve revenue of more than €500 million combined with an EBITDA margin of over 6.5%.

Upcoming dates

Revenue for the 1st quarter of 2021: 10 May 2021 after the Stock Exchange

Consult our financial data in our Investors’ Zone
https://www.lacroix-group.com/investors/

ABOUT LACROIX

Convinced that technology should contribute to simple, sustainable and safer environments, LACROIX enable its customers to build and manage smarter life ecosystems, thanks to useful equipment and technologies.  

As a publicly-listed family-owned SME, LACROIX combines the essential agility required to innovate in an ever-changing technological sector with the ability to industrialise robust and secure equipment, cutting-edge know-how in industrial IoT solutions and electronic equipment for critical applications and the long-term vision to invest and build for the future. 

LACROIX designs and manufactures its customers’ electronic equipment, in particular in the automotive, home automation, aeronautical, industrial and health sectorś. LACROIX also provides safe, connected equipment for the management of critical infrastructures such as smart roads (street lighting, traffic signs, traffic management, V2X) and the management and operation of water and energy systems.  

Drawing on its extensive experience and expertise, the Group works with its customers and partners to build the connection between the world of today and the world of tomorrow. It helps them to create the industry of the future and to make the most of the opportunities for innovation that surround them, supplying them with the equipment for a smarter world. 


1 EBITDA: Current operating profit, with amortisation and share-based payments added

2 IoT Analytics Q4 2020

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Artificial Intelligence

XtalPi Unveils XtalGazer: A Comprehensive AI-Driven Polymorph Selection Platform

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CAMBRIDGE, Mass., March 28, 2024 /PRNewswire/ — XtalPi Inc., a leading global technology company in integrating artificial intelligence (AI) and robotics to advance the discovery of groundbreaking medicine and innovative materials, announced today the launch of its proprietary comprehensive solid form discovery and selection platform, XtalGazer. This advanced platform aims to significantly improve the polymorph selection process for the pharmaceutical industry by integrating AI- and automation-powered experimental and computational approaches.

XtalGazer provides a total solution for delivering high-quality polymorph screening and selection methods to expedite drug development and mitigate risks. It represents a paradigm shift in solid-state research, moving from the traditional trial-and-error approach to a data-driven, design-led methodology. The platform provides an expansive suite of foundational tools to accelerate polymorph discovery, characterization, and selection process, empowering pharmaceutical companies to conduct thorough research with less active pharmaceutical ingredient (API) in shorter development cycles.
A key component of XtalGazer is XtalCSP, a crystal structure prediction platform to perform global searches of crystal structures for target molecules and the other optional components in the corresponding searching space, offering a deep insight into possible stable forms. Furthermore, crystallization strategy recommendations will provide AI-backed experimental design to help avoid human bias. XtalGazer also utilizes MicroED to rapidly elucidate crystal structures from powder samples, reducing the need for growing single crystals.
XtalPi’s launch of XtalGazer marks another significant step in the company’s ongoing exploration of solid-state research. From crystal structure prediction platforms being one of the first products to launch at XtalPi, to today’s comprehensive polymorph selection platform, XtalPi will keep fulfilling its promise to solving challenging problems in this space. XtalPi will continue to deliver faster, more accurate, and more comprehensive approaches to building an ecosystem for the R&D process in solid-state, pre-formulation and crystallization.
For more information about XtalPi, please visit www.xtalpi.com.
About XtalPi:
XtalPi is an innovative technology company powered by artificial intelligence (AI) and robotics. Founded in 2015 on the MIT campus, XtalPi is dedicated to driving intelligent and digital transformation in the life science and new materials industries. With tightly interwoven quantum physics, AI, cloud computing, and large-scale clusters of robotic workstations, XtalPi offers a range of technology solutions, services, and products to accelerate and empower innovation for biopharmaceutical and new materials companies worldwide.
Media Contact: Vivienne [email protected]
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ICIS and Base Oil News Announce Partnership to Enhance Market Insights

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LONDON, March 28, 2024 /PRNewswire/ — ICIS, a global source of commodity intelligence, is pleased to announce a strategic partnership with Base Oil News, a premier news outlet founded by industry expert Iain Pocock that provides in-depth coverage of the base oils and lubricants market. This collaboration marks a significant milestone in the dissemination and exchange of critical market data and insights.

With more than two decades of journalism experience at Bloomberg, Reuters, and Argus Media, Iain Pocock brings unparalleled expertise to this partnership. His deep understanding of illiquid energy markets makes him a credible and influential figure in the industry. Since November 2023, Iain has been working closely with ICIS to share and exchange valuable data and insights, enhancing the services both platforms offer to the base oils and lubricants market.
Through the collaboration, Iain integrates ICIS’ extensive content and data resources in Base Oil News market coverage. In return, he contributes market insights to ICIS News, including expert and exclusive analysis of supply and demand dynamics, price margins, and other critical market drivers. This exchange ensures that subscribers of both ICIS and Base Oil News have access to the most comprehensive, timely, and accurate market information, empowering them to make informed decisions.
“It’s a very exciting partnership – where we leverage each other’s strengths and provide actionable insights to our customers,” said Iain Pocock, Founder of Base Oil News. “The market is the winner.”
“As ICIS is already the world’s most trusted pricing benchmark for base oils, this collaboration with Iain Pocock and Base Oil News provides an even stronger and deeper service to our customers,” said Stephen Burns, Editorial Director at ICIS. “Iain’s expertise and extensive industry connections are invaluable, and we have established a fruitful partnership that benefits the market at large.”
For the latest insights from Iain Pocock on ICIS News, visit ICIS News.  
About ICIS
ICIS – Independent Commodity Intelligence Services – helps businesses through seamlessly delivering data and analytics, across the chemical, fertilizer and energy markets. A trusted source and benchmark for price information and insight across key commodities markets worldwide. Our independent, transparent market intelligence informs thousands of quality decisions every day, taking the pressure out of negotiations and giving customers space for more innovative thinking, through published datasets including price assessments, price forecasts, supply and demand fundamentals and more.
Over 150 years of shaping the world by connecting markets to optimise the world’s valuable resources. With a global team of more than 600 experts, ICIS has employees based in London, New York, Houston, Karlsruhe, Milan, Mumbai, Singapore, Guangzhou, Beijing, Shanghai, Dubai, Sao Paulo, Seoul, Tokyo and Perth.
ICIS is part of RELX, a FTSE15 company with a market cap of £64bn and an employee base of over 30,000 experts across 40 countries.
About RELX
RELX is a global provider of information and analytics for professional and business customers across industries. The Group serves customers in more than 180 countries and has offices in about 40 countries. It employs approximately 30,000 people of whom almost half are in North America. RELX PLC is a London listed holding company which owns 52.9% of RELX Group. RELX NV is an Amsterdam listed holding company which owns 47.1% of RELX Group. The shares are traded on the London, Amsterdam and New York Stock Exchanges using the following ticker symbols: London: REL; Amsterdam: REN; New York: RELX and RENX. Total market capitalisation is approximately £64bn | €75bn | $81bn.
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Artificial Intelligence

Trianz Welcomes Israel Abraham as Vice President of Services for Extrica.ai – The Data to AI Platform

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SANTA CLARA, Calif., March 28, 2024 /PRNewswire/ — Digital transformation technology & services company Trianz is pleased to announce the appointment of Israel Abraham as Vice President of Extrica Platform Services.

Trianz has embarked on a transformative journey, redefining its value proposition with an ‘IP Led’ model, with a commitment to deliver the fastest time to value, lowest human dependence, and highest ROI. Central to this approach are our hyper-automated platforms, Concierto.Cloud, Extrica.AI, and Pulse, driving industry-leading transformations in cloud, data and analytics, AI, and the digital workplace.
Israel Abraham is a very well-known pioneer and industry leader in AI, data management, and analytics systems, with over three decades of experience. He joins as the services leader for Extrica- the Trianz Data to AI platform, which productizes data, provides data a face and purpose, and accelerates time to insights and AI by 50% or more. In the role of Extrica Services leader, Israel will lead the shaping, visioning, and delivery of Extrica.ai based enterprise wide datamesh, BI, and AI solutions for customers worldwide.
“We are thrilled to welcome Israel Abraham to the Trianz family,” said Sri Manchala, CEO of Trianz and author of Crossing the Digital Faultline. “He is a leader in modernization as well as conceptualization of data platforms anew. Israel’s prior background in the industry with financial services and insurance giants underscores our commitment to securing top-tier talent that brings real-world experiences and needs to our technology platforms. As we continue to broaden our footprint in the digital transformation space, Israel’s visionary leadership and practical experience will serve as the cornerstone in accelerating insights and AI to deliver transformative value to our clients.”
Having played pivotal roles in highly reputed and large organizations such as Liberty Mutual Insurance, MassMutual, Safeco, and CNA Insurance, Israel has garnered recognition as a seasoned leader in big data and AI cloud implementations. His accolades include the prestigious 2014 Ventana Research IT Innovation Award, the 2009 Informatica MDM Innovation Award, and three filed Data Engineering patents in the last four years.
“Trianz has been at the forefront of digital innovation, and Extrica.ai is a paradigm shifting data to AI platform that completely changes how analytics and AI are delivered- much faster, taking business ahead of change. I am excited to scale the adoption of the Extrica platform, which has attracted attention from giants across the industry and hyperscalers,” said Israel Abraham. “I look forward to engaging with customers, bringing my own experiences, and collaborating with the talented team at Trianz to further enhance the capabilities of the Extrica Platform Services to transform data & AI strategies, execution, and outcomes for customers.”
About Trianz
Trianz is a leading-edge technology platforms and services company that accelerates digital transformations at Fortune 100 and emerging companies worldwide in data & analytics, digital experiences, cloud infrastructure, and security. Our ‘IP Led Transformations’ approach, informed by insights from a recent global study spanning 20+ industries and 5000+ companies, addresses challenges posed by the rapid pace of AI-driven transformation, digital talent scarcity, and economic uncertainty. Our IP and platforms, including Concierto, Extrica, and Pulse, revolutionize cloud adoption, data analytics, and AI insights, empowering organizations to navigate the complexities of digital transformation seamlessly.
Founded in California and with an organization of over 2,000 associates across the United States and India, Trianz is a Premier Partner of AWS, consistently rated #1 by clients for value delivery over the past five years. Trianz has been ranked as one of the best Consulting Firms by Forbes and has been certified as a Great Place to Work for three years in a row. To learn more about Trianz, email [email protected] or visit www.trianz.com.
Watch Trianz CEO Sri Manchala’s insightful interview with Bloomberg on Partner | Crossing The Digital Faultline & Leading Towards Transformative Success – YouTube and delve deeper into his book Crossing the Digital Faultline at Crossing the Digital Faultline | Trianz.
Trianz Media [email protected] +1-408-387-5800
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View original content:https://www.prnewswire.co.uk/news-releases/trianz-welcomes-israel-abraham-as-vice-president-of-services-for-extricaai–the-data-to-ai-platform-302102589.html

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