Lectra Acquires Investronica Sistemas

Lectra Acquires Investronica Sistemas
“I anticipate that it will be the first of a well-thought[-out] series of targeted acquisitions,”said Daniel Harari, CEO of France-based Lectra, in a statement announcing Lectra’s acquisition of Spain-based Investronica Sistemas from Industrias y Confecciones S.A. (INDUYCO).

Lectra CEO Daniel HarariAccording to Lectra, the deal, worth approximately 51.5 million euros, includes the acquisition of all of Investronica Sistemas shares in cash and in Lectra shares, and the repayment of a long-term loan made to Investronica Sistemas by INDUYCO.With 2002 revenues of 58 million euros, Investronica Sistemas is the world’s No. 3 CAD/CAM systems supplier. About 60 percent of its 200 employees are based in Spain.In recent years, the company has gained a foothold in Asian markets, including China, India and Southeast Asia, which Harari said are Lectra’s “growth drivers of tomorrow.”
Spring 2004