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)
- Industry
- Industrial Services
- Location
- Connecticut, United States
- Transaction Type
- Buyout
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