• Lectra has inked a share purchase agreement to acquire Italian firm Kubix Lab for EUR7m (US$8.7m).
  • Founded in 2015, Kubix Lab has developed a technological offer called Link, which enables fashion brands to manage, from end-to-end, all product information in a single application.
  • The founders of Kubix Lab will be in charge of developing an integrated Lectra 'Link' offer, which will complement and reinforce its entire offer.

Technology specialist Lectra has inked a deal to acquire the entire capital and voting rights of Kubix Lab for EUR7m (US$8.7m) in a move it says will equip fashion customers with a new platform for managing product information.

Founded at the end of 2015, Kubix Lab has developed a technological offer called Link, which enables fashion brands to manage, from end-to-end, all product information deriving notably from multiple IT systems (ERP, PDM, PLM) within one single application. Users can modify, enrich or add new data while maintaining data synchronisation with all IT systems.

"We were particularly impressed by the relevance of the solution created by Kubix Lab," says Lectra CEO Daniel Harari. "By capitalising on their knowledge of best practice, the founders of Kubix Lab knew how to develop an offer perfectly adapted to the expectations of fashion companies. Link enables all players involved in product development, manufacturing and sales to collaborate in real time, in a simple and efficient way, around exactly the same data."

The founders of Kubix Lab will be in charge of developing an integrated Lectra – Link offer, which Lectra says will complement and reinforce its entire offer.

The transaction involves the entire acquisition of Kubix Lab for the maximum amount of EUR7m, with EUR3m paid when the acquisition agreement is signed and EUR1.3m and EUR2.7m paid respectively in 18 and 36 months' time, providing objectives are met.

Lectra says these amounts will come from the company'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.

Final completion of the acquisition should take place by 31 January.