LECTRA:Lectra announces the acquisition of Retviews
July 15 2019 - 12:15PM
LECTRA:Lectra announces the acquisition of Retviews
Lectra announces
the acquisition of Retviews
The two companies share the same vision
for innovation in the fashion industry
Paris, July 15, 2019
– Lectra announces the signing of an agreement
with the shareholders of the Belgium company Retviews to acquire
100% of capital and voting rights.
Founded in 2017, Retviews has developed an
innovative technological offer that enables fashion brands to
analyze real-time market data, in order to increase their sales and
margins. Today, more than 30 brands use Retviews in France and
Belgium.
“By uniting with Retviews, we confirm once again
our ambition to help our customers to quickly enter the era of
Industry 4.0. Thanks to artificial intelligence algorithms,
Retviews’ offer enables brands to make the best decisions at every
moment throughout the life cycle of a product, in order to optimize
their collections,” says Daniel Harari, Chairman and Chief
Executive Officer, Lectra. “We are delighted to welcome the
talented teams of Retviews. Together, we will create synergies with
Lectra’s current offer, develop their technology and market their
solution to our fashion customers worldwide, thanks notably to our
32 sales and services subsidiaries covering more than 100
countries.”
“In a few months, Retviews has become the leader
of automated benchmarking in fashion in France and Belgium,” states
Loïc Winckelmans, Co-founder and Chief Executive Officer, Retviews.
“By joining forces with Lectra, we are convinced that we will
benefit from its expertise to bring new innovations to fashion
brands that will enable them to deliver products to the market that
constantly meet consumers’ expectations.”
“Fashion companies are sitting on massive
volumes of data that have tremendous value. They will only be able
to exploit them by deploying artificial intelligence and big data,”
says Lorenzo Pellizzari, Co-founder and R&D Director, Retviews.
“With Lectra, we are going to enable brands to make a difference.
We are looking forward to working on the development of new offers
integrated with those of Lectra.”
The transaction involves the acquisition of 70%
of Retviews for €8 million today. The acquisition of the remainder
of capital and voting rights will take place in three times in July
2020, July 2021 and July 2022 for amounts of about 0.9 times 2020
revenues, 0.7 times 2021 revenues and 0.5 times 2022 revenues,
respectively. These amounts will come from Lectra’s available cash,
with no financing from the bank.
About Lectra
For companies that breathe life into our
wardrobes, car interiors, furniture and more, Lectra is crafting
the premium technologies that facilitate the digital transformation
of their industry. Lectra’s offer empowers brands, manufacturers
and retailers from design to production, providing them with the
market respect and peace of mind they deserve. Founded in 1973,
today Lectra has 32 subsidiaries across the globe, serving
customers in over 100 countries. With more than 1,700 employees,
Lectra reported revenues of $333 million in 2018. Lectra is listed
on Euronext (LSS).
For more information, please visit
www.lectra.com
Press contacts:
Lectra Headquarters / Press
Department
Nathalie Fournier-Christol
t : +33 (0) 1 53 64 42 37
e :
n.fournier-christol@lectra.com
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