Lectra has signed an agreement with shareholders of the Belgium company Retviews to acquire 100 per cent of capital and voting rights. The transaction involves the acquisition of 70 per cent of Retviews for €8 million today. The acquisition of the remainder of capital and voting rights will take place in three times in July 2020, July 2021 and July 2022 for amounts of about 0.9 times 2020 revenues, 0.7 times 2021 revenues and 0.5 times 2022 revenues, respectively. These amounts will come from Lectra’s available cash, with no financing from the bank.

Founded in 2017, Retviews has developed an innovative technological offer that enables fashion brands to analyse real-time market data, in order to increase their sales and margins. Today, more than 30 brands use Retviews in France and Belgium. By uniting with Retviews, Lectra aims to help customers to quickly enter the era of Industry 4.0. Thanks to artificial intelligence algorithms, Retviews’ offer enables brands to make the best decisions at every moment throughout the life cycle of a product, in order to optimise their collections Together, the two companies will create synergies with Lectra’s current offer, develop their technology and market their solution to fashion customers worldwide, thanks notably to Retviews 32 sales and services subsidiaries covering more than 100 countries.