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PARIS – Textile solutions specialist Lectra has entered into a Memorandum of Understanding (MoU) to acquire rival firm Gerber Technology for a total of 300 million. 

Lectra says that the move, if and when consummated, will create a “premier advanced technology partner, able to quickly meet changing customer needs and deliver even more value through seamlessly integrated solutions”. 

The Parisian firm’s CEO, Daniel Harari will maintain his position for the joint venture, it’s expected, whilst Gerber CEO Mohit Uberoi would assume special advisor to Harari until the end of the year.  

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