Lectra to Acquire Gerber Technology

February 8, 2021

Lectra entered into a Memorandum of Understanding to acquire all capital and voting rights of US-based Gerber Technology, subject to work council consultation, merger control clearance and shareholder approval. The proposed deal envisages an upfront cash-free / debt-free payment of €175 million plus 5 million newly issued Lectra shares to AIPCF VI LG (an affiliate of American Industrial Partners), representing a total consideration of about €300 million based on Lectra's Feb 5, 2021 share price; Gerber reported €165 million of revenue in 2020.

Buyers
Lectra
Targets
Gerber Technology
Sellers
AIPCF VI LG Funding, LP (affiliate of American Industrial Partners)
Location
Connecticut, United States
Transaction Type
Buyout

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