Lectra announces acquisition of Kubix Lab

29 Jan '18

2 min read

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

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