Lectra enters into an MoU to acquire Gerber Technology

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. 

Further, the strategic combination of Gerber Technology and Lectra will reportedly create a premier advanced technology partner, able to quickly meet changing customer needs and deliver more value through seamlessly integrated solutions. Together, the two companies will have a large installed base of product development software and automated cutting solutions in operation, with a worldwide presence and a long list of prestigious customers.

Consolidating the two companies’ research and development capabilities will also enable the combined company to accelerate development of Industry 4.0 technologies and help its expanded customer base seize the full potential of these innovations.

“It has been an honor to lead the transformation of Gerber Technology and create an efficient, comprehensive platform that enables our customers’ digital transformation initiatives,” says Mohit Uberoi, CEO, Gerber Technology. “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.”

The combined company’s broader global reach will allow it to boost service capabilities to customers globally as a result of greater resources and the joint force of Gerber Technology and Lectra’s sales and support teams. Integrating the technology of the two companies will further endow them with the resources to anticipate and address rapidly changing market conditions.

“Today is a historic day for our companies that will bring tremendous opportunities for future growth. We will have investments in innovation and technological capabilities that will be highly beneficial to the industry. They will allow us to create long-term value for our customers and our shareholders,” adds Daniel Harari, chairman and CEO, Lectra. “We’re delighted to welcome Gerber Technology’s group of talented professionals to the Lectra team. Unifying the two teams will showcase the strength of our fantastic employees. Together, we will be able to grow and expand the services we provide to our customers and help them accelerate their digital transformation.”