Lectra Acquires Majority Stake in Caron Technology
Lectra, a French technology company serving the fashion apparel industry, has acquired a 70 percent equity stake in Italian firm Caron Technology for €1.9 million ($2.2 million). The investment includes an option to increase its ownership to 100% by 2029 and aims to enhance Lectra’s product offerings with Caron's automated preparation systems used before fabric cutting processes. Caron, which has collaborated with Lectra for nearly two decades, specializes in machinery such as fabric spreaders, feeders, roll loaders, spreading tables, and related software. The partnership is expected to improve productivity and performance solutions for customers by integrating upstream technologies into the production process. Lectra also recently increased its share buyback program from €20 million ($23.2 million) to €25 million ($29 million), reflecting ongoing strategic financial planning.
