On Feb. 8 Lectra (Paris, France) announced its plan to acquire the entire capital and voting rights of U.S.-based Gerber Technology (Tolland, Conn., U.S.), a company that provide integrated software and automated hardware solutions globally. An Industry 4.0 player in the fashion, automotive and furniture industries, Lectra designs smart industrial solutions — software, equipment, data and services — that help brands, manufacturers and retailers develop, produce and market their products.
The acquisition, if and when consummated, would allow Lectra to complement its market position and continue to enhance its offerings based on Industry 4.0 technology that will enable its customers to boost the productivity and profitability of their operations. After the French work council of Lectra is consulted and the binding documentation is signed, completion of the acquisition shall remain subject to merger control clearance and other customary conditions and shall be submitted to Lectra shareholders for approval. The proposed combination would occur at an opportune time for both companies and their customers.