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Friday, 23 July 2021 13:25

Lectra to acquire Neteven’s capital and voting rights

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Lectra has signed an agreement to acquire the entire capital and voting rights of the French company Neteven. As per Textile Focus, Neteven offers Lectra an innovative service based on a SaaS platform, which enables brands effectively monitor the distribution of their products on the world’s largest online marketplaces.

The SaaS platform centralizes the product catalog and information on stock levels, sales prices and orders, in order to automate and facilitate distribution on online marketplaces. This saves the customers’ time while they manage their distribution channels and gain greater local and international visibility of their products in order to reach more consumers. Neteven’s technological and services expertise helps brands optimize their e-commerce strategy.

Neteven is the perfect complement to the other solutions recently acquired by Lectra, Kubix Link (product lifecycle management and product information management – PLM, PIM) and Retviews (competitive intelligence and trend analysis). The combination of the three offers will enable Lectra to provide an even more comprehensive response to its fashion customers’ needs.

The transaction involves the acquisition of 80 per cent of Neteven rights for €12.6 million. The remaining capital and voting rights will be acquired in June 2025, for an amount between 0.6 to 0.9 times 2024 recurring revenues.