Lectra has acquired all outstanding shares of Gerber Technology, for €175 million, financed through a €140 million loan, available cash and the transfer of €5 million newly-issued Lectra shares to AIPCF VI, Gerber Technology’s sole shareholder.

The deal brings the two rivals in automated textile cutting, plotting and associated assembly software to create a leading global Industry 4.0 player for the fashion, automotive and furniture markets.

“The union of our respective expertise, state-of-the-art technology and resources will enable us to bring long-term value to our customers,” said Daniel Harari, chairman and CEO of Lectra. “We will now be in an even better position to support our customers throughout the world in accelerating the digital transformation of their operations.

Founded in 1973, Lectra reported revenues of €236 million in 2020 and is listed on Euronext (LSS). Like Lectra, Gerber Technology develops software and automation solutions for businesses around the world.

www.lectra.com

www.gerbertechnology.com