Lacroix Group Acquires IoT And AI Firm eSoft Things

  • This is a strategic deal for the technological equipment manufacturers
  • eSoftThings also claims that the collaboration is an opportunity to a great ambition

According to a report, Lacroix Group has consolidated its R&D division after purchasing eSoftThings, a specialist in the Internet Of Things (IoT) and artificial intelligence (AI), based in Cesson-Sevigne. The acquisition now strengthens its positioning in the industrial IoT and artificial intelligence sectors primarily in the field of connected vehicles. 

As described by Lacroix, eSoftThings is an innovative company with 50 employees, which has achieved 50% annual growth for the last three years and boasts an impressive client portfolio. It is now an international benchmark inn the design ad industrialisation (hardware, software and cloud ) and in the field of AI (computer vision, object classification, behaviour prediction).

According to a report, this is a strategic deal for the technological equipment manufacturers Lacroix Group. As the industrial IoT is all set to enter a new phase of maturity, the company consolidates its ability to keep fully abreast of cutting-edge technologies ad offer its customers increasingly “smart” equipment.

In the era of onboard AI, data processing and information retrieval, eSoftThings fits perfectly with the strategic plan launched by the Group in 2016. With its solid experience in hardware and software design, its know-how in the development and integration of on board software, alongside specialities in connectivity, energy consumption optimisation and AI, this new subsidiary will be central to the Group’s R&D roadmap.

Vincent Bedouin, CEO of Lacroix Group says, “This new acquisition, the sixth in four years, concludes the programme of external growth under our Ambition 2020 plan, and sets us on the strategic path towards our forthcoming 2025 plan. The project is already underway and the connection between the teams herald a bright future.

Kimmo Vuorinen, president of eSoftThings observes, “For us, joining the teams at Lacroix Group is an opportunity to contribute to a great ambition, which we share, and to collaborate with teams whose expertise is matched by their enthusiasm”.