Lectra has acquired Retviews to help its customers to quickly enter the era of Industry 4.0. Thanks to artificial intelligence algorithms, Retviews' enables brands to make the best decisions at every moment throughout the life cycle of a product, in order to optimise their collections. The brand will collaborate with Lectra to develop its technology and market its solution to its fashion customers worldwide.
The transaction involves the acquisition of 70 per cent of Retviews for €8 million today. The acquisition of the remainder of capital and voting rights will take place in three times in July 2020, July 2021 and July 2022for amounts of about 0.9 times 2020 revenues, 0.7 times 2021 revenues and 0.5 times 2022 revenues, respectively. These amounts will come from Lectra's available cash, with no financing from the bank.
