Lectra: Acquisition to expand business in Tur...

Acquisition to expand business in Turkey

(Source: Pexels)
(Source: Pexels)

The exclusive distributor of Gerber solutions in Turkey, Glengo Teknoloji Tic. Ve AS, Istanbul/Turkey, will join forces with Lectra Turkey, a subsidiary of Lectra SA, Paris/France. This provides an opportunity for both organizations to expand their footprint in Turkey, Central Asia and the Middle East, and better serve their customers.
Lectra Turkey will become Glengo Lectra Teknoloji and distribute the entirety of the Lectra Group’s product portfolio. The transaction consists in the acquisition by Lectra Turkey of the business assets of Glengo for approx. €4 million and 25% of shares in Glengo Lectra Teknoloji. This union is the logical next step after Lectra’s acquisition of Gerber Technology, Tolland, CT/USA, in June 2021.
Glengo was established in 1986, and has been providing sales, installation, training and after-sales services for Gerber solutions since its founding. Apart from the head office in Istanbul, the company has offices across Turkey in Adana, Ankara, Bursa, Denizli, Izmir, Kayseri, Malatya, Ordu, Urfa, Sivas and Tokat Erbaa, with over 120 staff members. Glengo primarily serves the Turkish and Central Asian markets, but also sells Gerber solutions to Turkish companies in Bulgaria, Moldavia, Romania and the Balkans.
Turkey ranks as the 6th-largest apparel supplier in the world. As supply disruptions continue to hit the fashion industry, shipping costs are becoming the biggest cost driver. Therefore, 71% of fashion and apparel companies are planning to increase their nearshoring share by 2025, according to experts. Turkey is one of the top 3 most promising locations for nearshoring, especially for European countries.

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