Lectra has finalized a deal to acquire all outstanding shares of Gerber Technology. It completed the deal on a cash-free, debt-free basis for €175 million, or more than $207.5 million, in addition to 5 million newly issued Lectra shares to AIPCF VI LG, Gerber’s sole shareholder. The purchase was financed through a €140 million, or more than 166 million USD, loan and available cash.
The acquisition was originally announced on February 8, approved by Lectra’s board of directors on March 25 and approved by Lectra’s shareholders on June 1.
The acquisition will allow Lectra to expand upon its Industry 4.0 innovations in software, equipment, data and services that support brands, manufacturers and retailers as they develop, produce and market products. The merging of the companies will create a more-seamless approach to development and production.
