12 November 2020
IoT (‘Internet of Things’), the core activity of Rennes-based startup eSoftThings acquired by LACROIX Group this summer, has established itself as a technology of the future with multiple industrial applications. Viewpoints from Kimmo Vuorinen, President of eSoftThings, and Stéphane Gervais, Executive VP Innovation at LACROIX Group.
Its role is undoubtedly very important. IoT is found in consumer applications for the general public, such as smartwatches for example. It also has industrial uses, whether in the automotive field or in making cities smarter, more energy-efficient and better at handling traffic.
IoT is indeed a rapidly growing technology with many promising applications in the industrial sector. Take the automotive industry, a demanding market where eSoftThings has made several advances in object detection; the smart cars we are seeing today will need even more sensors and fast and reliable data processing to become autonomous in the future. There are many other applications inside smart cities or even at the factory level, in metrology for example.
Having sensors and data processing performed locally provides greater autonomy while also ensuring compliance with GDPR. In addition, this type of networked solution makes it possible to report significant information without necessarily viewing the images. At the city level, smart cameras could help manage traffic flows, for example. Our experiments on this subject show lots of promise and the know-how offered by eSoftThings will make it possible to go farther and faster.
These embedded solutions, which can process complex data without resorting to the cloud, also offer a means of responding to current concerns about cybersecurity. Here I see the all the value of having electronics and software that work together.
The acquisition of eSoftThings represents a friendly convergence of two neighbours to better pursue these huge potentials: Kimmo and his associates saw the advantages of being part of an industrial group, and we wanted to strengthen our expertise in IoT in the short-term. Together, we think that the key to the future is complementarity, combining hardware and software expertise. I am convinced that this step is crucial and will pave the way to making LACROIX Group one of the world leaders in IoT in its markets.
I share Stéphane’s vision. Combining our strengths should allow us to even further accelerate our growth rate, which is already doing very well. We have many synergies and the teams, who have been working closely together since the end of last year, are very excited about joining forces.
LACROIX GROUP is taking its technical and industrial excellence one step further with an ambitious market position in IoT. This merger with eSoftThings strengthens the Group’s position in its efforts to best serve its customers and win new markets.