Lectra to Acquire Gemini CAD Systems to Expand its Fashion Software Portfolio

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    PARIS, France, Sep 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.

     

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    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  des ign  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  USAb ased  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 . Follow  Lectra on  social networks: Media contacts: Lectra Headquarters Adeline  Fogel : Public  Relations Manager t +33  (0)1  53  64  42  37 e : a.fogel@lectra.com 2 / Empowering  customers  through  industrial intelligence. For more information, visit https://www.lectra.com/en.

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