Lectra has finalized its acquisition of all outstanding shares of Gerber Technology on a cash-free debt-free basis, for 175 million euros, financed through a 140 million euro loan and the group's available cash, plus 5 million newly issued Lectra shares to AIPCF VI LG, Gerber Technology’s sole shareholder. The strategic combination, of which all stages [...]
Lectra has announced plans to acquire the entire capital and voting rights of U.S.-based Gerber Technology. A key Industry 4.0 player in the fashion, automotive and furniture industries, Lectra designs smart industrial solutions (software, equipment, data and services) that help brands, manufacturers and retailers develop, produce and market their products. The acquisition will allow Lectra [...]
The Industrial Fabrics Foundation (IFF) has awarded Propex GeoSolutions, Chattanooga, Tenn., first prize in the 2019 IFF Innovation Award competition. The company’s PETROMAT® Enviro engineered paving fabric won in the category of End Products. Propex GeoSolutions was awarded a prize of $5,000, presented at IFAI Expo in Orlando, Fla. Propex GeoSolutions took first prize in the 2019 [...]
Copyright @ 2024 Advanced Textiles Association. All rights reserved.
Copyright @ 2024 Advanced Textiles Association. All rights reserved.
