Lectra says it plans to acquire the entire capital and voting rights of US-based Gerber Technology.
After the French work council of Lectra is consulted and the binding documentation is signed, completion of the acquisition remains subject to merger control clearance, as well as other customary conditions and will be submitted to Lectra shareholders for approval.
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Together, the two companies will have a large installed base of product development software and automated cutting solutions in operation with a worldwide presence.
“It has been an honour to lead the transformation of Gerber Technology and create an efficient, comprehensive platform that enables our customers’ digital transformation initiatives,” said Gerber Technology CEO, Mohit Uberoi.
“Gerber Technology and Lectra share a long history of innovation and excellent customer service that, brought together, will create an even stronger company that provides best-in-class technology solutions and services to our customers globally.”
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