Leather cutting technology provider Lectra has finalised the acquisition of US-based rival Gerber Technology. It completed the acquisition of all outstanding Gerber shares on June 1. The deal cost Lectra €175 million.

Lectra said the combination of the two companies would result in the creation of a leading player in bringing Industry 4.0 to the global automotive, furniture and fashion markets.

Chief executive, Daniel Harari, said: “We will now be in an even better position to support our customers throughout the world in accelerating the digital transformation of their operations.” 

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