Home / Knowledge / News / Announcement / Lectra announces acquisition of Kubix Lab
Lectra announces acquisition of Kubix Lab
29
Jan '18
Courtesy: Lectra
Courtesy: Lectra
Lectra, the technological partner for companies using fabrics and leather, has announced the signing of a share purchase agreement to acquire the entire capital and voting rights of the Italian firm Kubix Lab. Facilitating the digital transformation of their industry, Lectra, headquartered in France, helps brands and manufacturers from design to production.

Founded at the end of 2015, Kubix Lab has developed a cutting-edge technological offer called Link. This offer enables fashion brands to manage, from end-to-end, all product information deriving notably from multiple IT systems (ERP, PDM, PLM, and so on), within one single application. Users can modify, enrich, or add new data, while maintaining data synchronisation with all IT systems. In just a few months, Link has convinced over ten high-end Italian brands of its value.

The transaction involves the entire acquisition of Kubix Lab for the maximum amount of €7 million; €3 million paid when the acquisition agreement is signed; €1.3 million and €2.7 million paid respectively in 18 and 36 months’ time, providing objectives are met.

Final completion of the acquisition should take place by January 31, 2018. These amounts will come from Lectra’s available cash, with no financing from the bank. Kubix Lab will be consolidated into Lectra’s accounts, effective from the signature of the final agreement.

Daniel Harari, chairman and chief executive officer, Lectra said, “We were particularly impressed by the relevance of the solution created by Kubix Lab. By capitalising on their knowledge of best practice, the founders of Kubix Lab knew how to develop an offer perfectly adapted to the expectations of fashion companies. Link enables all players involved in product development, manufacturing and sales to collaborate in real time, in a simple and efficient way, around exactly the same data.”

Giampaolo Urbani, chief executive officer and co-founder of Kubix Lab said, “We are delighted to join Lectra. We are convinced its leadership, global presence, strong expertise in the fashion industry and the richness of its product portfolio will enable us to develop an integrated offer with high value for all Lectra customers.”

The founders of Kubix Lab will be in charge of developing an integrated Lectra – Link offer, which will complement and reinforce Lectra’s entire offer. (GK)

Fibre2Fashion News Desk – India


Must ReadView All

Courtesy: European Commission/European Union

Textiles | On 26th May 2018

EU set to negotiate FTAs with Australia & New Zealand

The European Union is all set to begin negotiations for free trade...

US bans import of cotton goods from Turkmenistan

Textiles | On 26th May 2018

US bans import of cotton goods from Turkmenistan

The US Customs and Border Protection (CBP) has issued a Withhold...

FPCCI prepares report on Pakistan's export issues

Textiles | On 26th May 2018

FPCCI prepares report on Pakistan's export issues

Federation of Pakistan Chambers of Commerce and Industry (FPCCI)’s...

Interviews View All

Mohammad Mamun Ar Rashid
UL VS Bangladesh Ltd

Productivity, creativity and innovation play a vital role in the growth of ...

Anavila Misra
Anavila Collection

Fashion shows are also encouraging and highlighting sustainable fashion

Sunil Rathore
Lacoste India

‘New vendor is welcome if he offers cost, quality and timely delivery’

Vikas Banduke

Softech Controls Private Limited (SCPL) is a part of the Cotmac Group, an...

Rajat Jaipuria

Activewear brand Soul Space promotes organic cotton farming and...

Kamal Kulshreshth

Colorjet is among the fastest-growing wide format digital inkjet print...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Priya Somaiya
Usha Social Services

The Usha Silai label from Usha International is all set for a retail...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


May 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search