(AOF) – The specialist in flexible materials cutting systems, Lectra (-4.89% to 29.20 euros), has signed an agreement to acquire the majority of the capital of Launchmetrics. In detail, the transaction concerns the acquisition in January of this year of approximately 50.3% of Launchmetrics, for $85 million. This amount will depend on recurring turnover and 2023 EBITDA. The acquisition of the remaining capital and voting rights is planned in five stages: in 2025, 2026, 2027, 2028 and 2030.
The total transaction price is expected to be between $200 million and $240 million, based on expected double-digit growth in both recurring revenue and Ebitda over the period 2024-2029 . At the end of September, Lectra had net cash of 12.5 million euros.
On the stock market, Lectra, which joined the SBF 120 index in December, weighs 1.1 billion euros.
According to Invest Securities, “the transaction will allow Lectra to significantly increase its Software and SaaS turnover in particular, which represented respectively 92 and 18 million euros of turnover in 2022, or 4% and 18% of the turnover”.
Bpifrance, Launchmetrics’ key shareholder, will sell part of its stake during this operation and will remain in the company’s capital until 2027.
Founded in 2015, Launchmetrics designs and markets in SaaS mode an innovative cloud platform dedicated to brand performance, composed of seven modules, aimed at marketing and communication professionals for the fashion, lifestyle and consumer markets. beauty.
In 2023, Launchmetrics’ revenue is expected to be approximately $45 million – including over $40 million in recurring revenue – and Adjusted Ebitda of approximately $5 million, realized from nearly 1,700 clients in around twenty countries, including prestigious fashion brands.
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