Latham & Watkins advises Lectra in its proposed acquisition of Gerber Technology

Lectra has announced its plan to acquire the entire capital and voting rights of US-based Gerber Technology, provider of integrated software and automated hardware solutions to companies around the world, for approximately €300 million.

Lectra, a key Industry 4.0 player in the fashion, automotive and furniture industries, designs smart industrial solutions – software, equipment, data and services – that help brands, manufacturers and retailers develop, produce and market their products. 

This acquisition would allow Lectra to complement its market position and continue to enhance its offerings based on Industry 4.0 technology that will enable its customers to boost the productivity and profitability of their operations.

After the French work council of Lectra is consulted and the binding documentation is signed, completion of the acquisition shall remain subject to merger control clearance and other customary conditions and shall be submitted to Lectra shareholders for approval.

Latham advised Lectra in this transaction with a team led by Paris partner Olivier du Mottay with associates Elise Pozzobon and Fleur Bennett; New-York partner Eyal Orgad and associates Jack Welch and Sophia Choi advised on corporate aspects. Brussels counsel Rita Motta, Washington, D.C. partner Amanda Reeves, counsel Peter Todaro