Brief: Lectra Announces Acquisition Of Neteven

Lectra SA

24/06/2021 16:55

June 24 (Reuters) - LECTRA SA  LECS.PA :
    * LECTRA ANNOUNCES THE ACQUISITION OF NETEVEN
    * ANNOUNCES ACQUISITION OF NETEVEN
    * GROUP ENHANCES ITS E-COMMERCE OFFER FOR FASHION
COMPANIESAND
REINFORCES ITS POSITIONING AS AN ESSENTIAL INDUSTRY 4.0 PLAYER
    * TRANSACTION CONCERNS ACQUISITION OF 80% OF NETEVEN FOR
12.6
MILLION EUROS RIGHT NOW
    * ACQUISITION OF REMAINDER OF CAPITAL AND VOTING RIGHTS WILL
TAKE
PLACE IN JUNE 2025, FOR AN AMOUNT BETWEEN 0.6 TO 0.9 TIMES 2024
RECURRING REVENUES
    * ACQUISITION IS IN LINE WITH LECTRA'S STRATEGY OF EXPANDING
ITS
PRESENCE IN FASHION MARKET BY COVERING AN ADDITIONAL PART OF
CUSTOMERS' VALUE CHAIN

Source text for Eikon:  ID:nGNE5Cq7Vr 
Further company coverage:  LECS.PA 

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