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June 2, 2021updated 20 Jul 2021 2:57pm

Lectra completes Gerber Technology acquisition

Gerber acquisition by Lectra has received shareholder approval.

By Simon Warburton

Lectra has finalised the acquisition of all outstanding shares of Gerber Technology, on a cash-free debt-free basis, for EUR175m (US$213m) financed through a EUR140m loan and the Group’s available cash – plus 5m newly-issued Lectra shares to AIPCF VI LG, Gerber Technology’s sole shareholder.

The combination, of which all stages have now been completed, has led to the creation of an Industry 4.0 player for the fashion, automotive and furniture markets.

“The union of our respective innovative expertise, our offers and our resources will enable us to bring long-term value to our customers,” said Lectra chairman and CEO, Daniel Harari.

“We will now be in an even better position to support our customers throughout the world in accelerating the digital transformation of their operations.”

The acquisition, which was announced on 8 February, was approved by Lectra’s board on 25 March and by the company’s shareholders.

Founded in 1973, Lectra reported revenues of EUR236m in 2020 and is listed on Euronext (LSS).

Gerber Technology develops software and automation solutions for fashion, automotive, furniture and other businesses.

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