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French tech firm Lectra completes acquisition of Gerber Technology
02 Jun 21 1 min read
Lectra, a French leading technology company,, has finalised the acquisition of all outstanding shares of Gerber Technology, on a cash-free debt-free basis, for €175 million – financed through a €140 million loan and the group's available cash – plus 5 million newly issued Lectra shares to AIPCF VI LG, Gerber Technology’s sole shareholder.
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According to the company, this strategic combination, of which all stages have now been successfully completed, has led to the creation of a leading global Industry 4.0 player for the fashion, automotive and furniture markets.
“The union of our respective innovative expertise, our state-of-the-art offers and our talented resources will enable us to bring long-term value to our customers. We will now be in an even better position to support our customers throughout the world in accelerating the digital transformation of their operations,” Daniel Harari, chairman and CEO of Lectra, said in a press release.
This acquisition, which was announced on February 8, was approved by Lectra’s board of directors on March 25 and by Lectra’s shareholders on June 1.
Fibre2Fashion News Desk (JL)
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