Lectra says the Gemini acquisition is in line with its strategy of developing its presence in the fashion market and enriching its value proposition.
Founded in 2004, Gemini 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.
Go deeper with GlobalData
The transaction sees the immediate acquisition of 60% of Gemini immediately for EUR7.6m (US$9.02m). The acquisition of the remaining capital and voting rights will take place in two 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 EUR13-20m.
“We are thrilled to welcome the talented teams of Gemini who have created impressive software solutions that are relevant to the way fashion companies wish to work today,” said Daniel Harari, chairman and CEO, Lectra.
“Gemini’s product portfolio complements Lectra’s software offers, which has already been strengthened by the recent acquisition of Gerber Technology. Together, we will create synergies between Gemini, Lectra and Gerber Technology’s current offers and bring new, disruptive innovations to the fashion industry.”
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataTraian Luca, CEO and founder of Gemini, adds: “We are convinced that with Lectra’s strong leadership, its unparalleled expertise in the fashion industry and the strength of its teams, we will be able to boost our customer’s competitiveness and help them accelerate their digital transformation.”
The deal follows news in June that Lectra is to acquire French company Neteven, an SaaS platform that enables brands to simplify and monitor the distribution of their products on the world’s largest online marketplaces.
The transaction sees the immediate acquisition of 80% of Neteven for EUR12.6m (US$15.05m), with the the remainder of capital and voting rights to follow in June 2025. The amount will be between 0.6 to 0.9 times 2024 recurring revenues.
