Lectra acquires Humantec
Producer of software and hardware dedicated to the textiles, leather and soft materials industries, Lectra, has acquired German-based leather cutting systems specialist Humantec Industriesysteme GmbH and its US-based sister company Humantec Systems, Inc. for €2.9 million cash and 330,000 Lectra shares.
When introduced in 1994, Humantec’s Lasernest was the world’s first automatic leather cutting system for full leather hides. The company has a total staff of 70 (55 in
Humantec, established in 1993, has developed several core competencies in leather cutting systems and focuses on three market segments: automotive seating and interiors, furniture, and industrial textiles. Lectra, meanwhile, derives 40% of its revenues from the automotive, aerospace, marine, and furniture industries. With this acquisition it is hoped that with Humantec’s cutting systems combined with Lectra’s high-end Total Leather Solution, the company will be able to offer the broadest product offering on the market.
"I am proud to see Humantec join the Lectra group, the world leader in our industry" said Humantec's president, Peter Felber. "Our strategic merger will leverage the mutual strengths of the two companies and strengthen our ability to meet customer demands. After 11 years of successful operations, the moment was perfect for Humantec to seek to accelerate its worldwide development through significantly increased R&D, financial, marketing & sales, and service resources. It
was clear that Lectra provided the best fit for such a partnership.”
"The acquisition of Humantec strengthens our world leadership in the automotive and furniture & furnishings industries, in which we have experienced our strongest growth in the past three years, in Asia-Pacific, North America and
