Lectra, a French company that produces laser cutting machinery used by shoemakers, has agreed to buy the entire capital and voting rights of Neteven, a French firm which enables brands to automate and facilitate distribution on online marketplaces.

Under the deal, Lectra will initially buy 80 percent of Neteven’s capital for €12.6 million. The acquisition of the remainder of the capital and voting rights will take place in June 2025, for an amount totalling 0.6 to 0.9 times 2024 recurring revenues.

Thanks to its SaaS platform, Neteven can centralize the product catalog of its clients as well as provide information on stock levels, sales and orders.

Lectra said that Neteven complements previous acquisitions to support its fashion customers in the digitalization and automation of their businesses. The French company recently bought Kubix Link, which provides product lifecycle management and product information management, and Retviews, which offers competitive intelligence and trend analysis.