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
INDUSTRY 4.0 By Dorothy Crouch | Monday, February 8, 2021
Lectra Chairman and Chief Executive Officer Daniel Harari | Photo courtesy of Lectra
Fortifying its role as an Industry 4.0 technology leader, Paris-based Lectra announced its memorandum of understanding to acquire the entire capital and voting rights of Tolland, Conn., integrated-software-and-hardware-solutions provider Gerber Technology. The Feb. 8 announcement outlined Lectra’s intention to use the Gerber acquisition to help its customers increase productivity and profitability.
In addition to its fashion-technology business, Gerber also serves the aerospace, construction, furniture, transportation, technical textiles, packaging, wind energy, and sign-and-graphics industries, which are complementary to Lectra’s apparel, automotive and furniture segments. Gerber Technology Chief Executive Officer Mohit Uberoi welcomed the plan to blend Lectra’s innovation with his company’s digital legacy, which
Technology specialist Lectra is to acquire US rival Gerber Technology in a EUR300m (US$360.8m) deal that will enable the two companies to hone their software, equipment, data and services to provide "the ultimate Industry 4.0" offering for the fashion sector. related to Deals, Sourcing, Technology, Gerber Technology, Lectra,
Lectra says it plans to acquire the entire capital and voting rights of US-based Gerber Technology. related to Components, M&A and JV deals, Service suppliers/supply chain,