“We are delighted to join Lectra’s family. 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,” stated Traian Luca, CEO and founder of Gemini CAD Systems.
In a first stage, Lectra buys 60% of the share capital of Gemeni, for EUR7.6 million, and the remaining shares will be bought over the next five years.
“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. Gemini’s product portfolio complements Lectra’s software offers, which has already been strengthened by the recent acquisition of Gerber Technology,” said Daniel Harari, Chairman and CEO of Lectra. “Together, we will create synergies between Gemini, Lectra and Gerber Technology’s current offers and bring new, disruptive innovations to the fashion industry,” Harari concluded.
Lectra is 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 (Gemini) has developed several innovative software solutions, essentially Computer Aided Design (CAD), for small and medium-sized fashion companies. Due to its network of partners, Gemini is present in over 60 countries.
This acquisition is in line with Lectra’s strategy of developing its presence in the fashion market and enriching its value proposition.