The signature of an agreement to acquire the entire capital and voting rights of the Gemini CAD Systems has been announced by Lectra SA, Paris/France. 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.
Founded in 2004, Gemini CAD Systems, Iasi/Romania, 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.
The transaction concerns the acquisition of 60% of Gemini immediately for €7.6 million. The acquisition of the remaining capital and voting rights will take place in 2 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 €13-20 million.
This acquisition is in line with Lectra’s strategy of developing its presence in the fashion market.