# Lectra acquires 51% of TextileGenesis

Lectra announced on December 8, 2022, the signing of an agreement to acquire 51% of the capital and voting rights of Dutch company TextileGenesis, a provider of a SaaS platform for textile traceability. The acquisition extends Lectra's software offer to material traceability and reinforces its position in Industry 4.0.

- Type: Acquisition
- Announced: 2022-12-08
- Where: Netherlands
- Value: $16.0M (15.2M EUR)
- Status: announced
- Products: textile traceability SaaS platform
- Sectors: [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [Lectra](https://endata.com/companies/24301.md) (acquirer)
- [TextileGenesis](https://endata.com/companies/67192.md) (target)

## Sources

- [globenewswire.com](https://www.globenewswire.com/news-release/2022/12/08/2569915/0/en/Press-release-Lectra-announces-the-acquisition-of-the-majority-of-the-capital-of-TextileGenesis.html), 2022-12-08: "Lectra announces the acquisition of the majority of the capital of TextileGenesis"
- [texfash.com](https://texfash.com/update/first-big-traceability-acquisition-lectra-acquires-majority-stake-in-textilegenesis-for), 2022-12-08: "Lectra has acquired 51% of the capital and voting rights of TextileGenesis for an amount of €15.2 million."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.