LECTRA: Lectra announces the acquisition of Gemini CAD Systems
06 Septembre 2021 - 5:50PM
LECTRA: Lectra announces the acquisition of Gemini CAD Systems
Lectra announces the acquisition
of Gemini CAD Systems
The acquisition will enhance the depth of
Lectra’s fashion software portfolio.
Paris, Monday September 6, 2021 –
Lectra announces the signature of an
agreement to acquire the entire capital and voting rights of
the Romanian company Gemini CAD
Systems. A major global player in
the fashion, automotive, and furniture markets, Lectra designs and
produces industrial intelligence solutions
– software, hardware, data and
services – for brands,
manufacturers and
retailers.
Founded in 2004, Gemini CAD Systems (Gemini) has
developed several innovative software solutions, essentially
Computer Aided Design (CAD), for small and medium-sized fashion
companies. Thanks to its network of partners, Gemini is present in
over 60 countries.
“We are thrilled to welcome the talented teams
of Gemini who have created impressive software solutions that are
relevant to the way fashion companies wish to work today. Gemini’s
product portfolio complements Lectra’s software offers, which has
already been strengthened by the recent acquisition of Gerber
Technology,” says Daniel Harari, Chairman and CEO, Lectra.
“Together, we will create synergies between Gemini, Lectra and
Gerber Technology’s current offers and bring new, disruptive
innovations to the fashion industry,” he concludes.
This acquisition is in line with Lectra’s
strategy of developing its presence in the fashion market and
enriching its value proposition.
“We are delighted to join Lectra’s family. We
are convinced that with Lectra’s strong leadership, its
unparalleled expertise in the fashion industry and the strength of
its teams, we will be able to boost our customer’s competitiveness
and help them accelerate their digital transformation,” states
Traian Luca, CEO and founder of Gemini.
The transaction concerns the acquisition of 60%
of Gemini right now for 7.6 million euros. The acquisition of the
remaining capital and voting rights will take place in two steps,
in September 2024 and September 2026. The total consideration for
the acquisition of 100% of Gemini’s capital will depend on Gemini’s
revenue growth, and should be comprised of between 13 and 20
million euros.
About Lectra:
For companies that breathe life into our
wardrobes, car interiors, furniture and more, Lectra crafts the
premium technologies that facilitate the digital transformation of
their industry. Lectra’s offer empowers brands, manufacturers and
retailers from design to production, providing them with the market
respect and peace of mind they deserve. Founded in 1973, the
company reported revenues of 236 million euros in 2020 and is
listed on Euronext (LSS).
In June 2021, Lectra acquired Gerber Technology,
a USA-based company founded in 1968. Like Lectra, Gerber Technology
develops software and automation solutions for fashion, automotive,
furniture and other businesses across the globe.
For more information, please visit lectra.com
and gerbertechnology.com.
Media contacts:
Lectra - HeadquartersAdeline
FogelPublic Relations
Managert: +33 (0)1 53 64
42 37e: a.fogel@lectra.com
- LECTRA_pr-Gemini-acquisition-en
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