Brief: Lectra Acquires Majority Of Capital Of TextileGenesis

Lectra SA

08/12/2022 07:05

Dec 8 (Reuters) - Lectra Sa  LECS.PA :
    * LECTRA: LECTRA ANNOUNCES THE ACQUISITION OF THE MAJORITY
OF THE
CAPITAL OF TEXTILEGENESIS
    * LECTRAANNOUNCES SIGNATURE OF AN AGREEMENT TO ACQUIRE 51%
OF
CAPITAL AND VOTING RIGHTS OF DUTCH COMPANY TEXTILEGENESIS
    * AT BEGINNING OF JANUARY, LECTRA WILL ACQUIRE 51% OF
TEXTILEGENESIS FOR 15.2 MILLION EUROS
    * ACQUISITION OF REMAINING SHARE CAPITAL AND VOTING RIGHTS
IS
EXPECTED TO TAKE PLACE IN TWO STAGES, IN 2026 AND 2028, FOR
AMOUNT BASED ON A MULTIPLE OF 2025 AND 2027 RECURRING REVENUES

Source text for Eikon:  ID:nGNE2fkfRT 
Further company coverage:  LECS.PA 
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