TXT buys fashion software specialist Maple Lake

TXT expects both revenues and operating margins to increase as a result of the transaction; it will start consolidating revenues and profits of Maple Lake in Q4 2012. Preliminary results for Maple Lake’s fiscal year ended 30 June 2012 show revenues of 7.2 m€, EBITDA of 1.8 m€ (24% of revenues), net income of 1.2 m€ and no financial debt.

 

TXT e-solutions has closed the definitive agreement to acquire 100% of Maple Lake, a fast-growing specialist in Fashion Retail Planning in Canada, USA#

All personnel in Maple Lake will be retained and Maple Lake management will have expanded, long-term responsibilities in the merged company. 

 

TXT e-solutions has closed the definitive agreement to acquire 100% of Maple Lake, a fast-growing specialist in Fashion Retail Planning in Canada, USA#

Alvise Braga Illa, TXT Group Chairman, has commented: ”Acquiring Maple Lake, which in the past 3 years has grown at a Compounded Annual Growth Rate in excess of 23%, immediately gives TXT a robust presence in North America and Australia. This acquisition, coupled with our own strong innovation ability, shows that TXT can scale up in geography, in technology and in business reach, even in these challenging times. After this acquisition, TXT remains net cash-positive, with over 6 m€ on hand. As Chairman and stockholder I am very pleased”.