Lectra announces acquisition of Kubix Lab
today Jan 29, 2018
Lectra, the technological partner for companies using fabrics and leather, has announced the signing of a share purchase agreement to acquire the entire capital and voting rights of the Italian firm Kubix Lab. Facilitating the digital transformation of their industry, Lectra, headquartered in France, helps brands and manufacturers from design to production.
Founded at the end of 2015, Kubix Lab has developed a technological offer called Link. This offer enables fashion brands to manage, from end-to-end, all product information deriving notably from multiple IT systems (ERP, PDM, PLM, and so on), within an application. Users can modify, enrich, or add new data, while maintaining data synchronisation with all IT systems. In just a few months, Link has convinced over ten high-end Italian brands of its value.
The transaction involves the entire acquisition of Kubix Lab for the maximum amount of €7 million; €3 million paid when the acquisition agreement is signed; €1.3 million and €2.7 million paid respectively in 18 and 36 months’ time, providing objectives are met.
Final completion of the acquisition should take place by January 31, 2018. These amounts will come from Lectra’s available cash, with no financing from the bank. Kubix Lab will be consolidated into Lectra’s accounts, effective from the signature of the final agreement.
Daniel Harari, chairman and chief executive officer, Lectra said, “Link enables all players involved in product development, manufacturing and sales to collaborate in real time... around exactly the same data.”
Giampaolo Urbani, chief executive officer and co-founder of Kubix Lab said, “We are delighted to join Lectra. We are convinced its leadership, global presence, strong expertise in the fashion industry and the richness of its product portfolio will enable us to develop an integrated offer with high value for all Lectra customers.”
The founders of Kubix Lab will be in charge of developing an integrated Lectra – Link offer, which will complement Lectra’s entire offer.
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