With an aim to create a global Industry 4.0 player for the fashion, automotive and furniture markets, Lectra has acquired all outstanding shares of Gerber Technology. As per Innovation in Textiles, these shares worth €175 million were acquired through a loan of €140 million, available cash and transfer of €5 million newly-issued Lectra shares to AIPCF VI, Gerber Technology’s sole shareholder.
The union of both companies’ expertise, state-of-the-art technology and resources will enable Lectra offer long-term value to customers, opines Daniel Harari, Chairman and CEO, Lectra. 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.
An US -based company founded in 1968. Gerber Technology develops software and automation solutions for fashion, automotive, furniture and other businesses across the globe.
