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Gerber Scientific reports 60% earnings growth

11 Jun '13
4 min read

Gerber Scientific is comprised of four businesses:

- Gerber Technology is a leading supplier of CAD software, automated material spreading systems and computer-controlled cutting systems for a multitude of industries ranging from apparel to aerospace that deal with flexible materials.

- Gerber Scientific Products provides sign shops and graphics professionals with computerized sign making and specialty graphics systems, software and printing materials.

- Virtek Vision International, is a leader in providing laser templating, quality inspection and spatial positioning technology for aerospace carbon fiber composite part assembly, welded assembly, sheet metal part fabrication and construction markets.

- Yunique Solutions offers product lifecycle management software and business solutions consulting services.

This past year, Gerber’s businesses expanded into new geographies and, in total, welcomed nearly 900 new customers. “Through the decades, many of the industries we serve have migrated into and out of different regions to follow their customers and optimize their supply chain,” said Elia.

“And Gerber is always right around the corner to offer state-of-the-art automation solutions, vast process knowledge and decades of experience. For example, as the apparel industry migrated from North America, to Europe, Latin America and then to Asia, we’ve always been there to help designers and manufacturers transition from a manual to an automated operation and optimize productivity from the design room through the cutting room.

This year, we’ve benefitted significantly from having local representation in regions where the industries we serve are less mature and where the need for software and hardware automation systems is high.”

In August 2011, Gerber Scientific was taken private by Vector Capital, a San Francisco-based, global private equity firm specializing in the technology sector that manages more than $2 billion of equity capital.

Elia noted, “Since we were acquired by Vector, we have dramatically improved our financial performance. In fact, we have grown our earnings at a compounded annual rate of 97 percent since the acquisition on a 5 percent compounded annual growth rate in revenue. The acquisition has also enabled us to be faster and more agile, particularly in strategic planning and product development areas.”

Gerber Scientific

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