Lectra SA (ENXTPA:LSS) signed an agreement to acquire Gemini CAD Systems S.r.l for 20 million on September 6, 2021. As per the transaction, Lectra SA will acquire 60% of Gemini right now for 7.6 million, and the acquisition of 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 13 million and 20 million.
The transaction is in line with Lectra SA strategy of developing its presence in the fashion market and enriching its value proposition.