LECTRA: Glengo Teknoloji joins forces with Lectra Turkey
25 April 2022 - 05:57PM
LECTRA: Glengo Teknoloji joins forces with Lectra Turkey
Glengo
Teknoloji joins forces with
Lectra Turkey
The two organizations will
combine to develop Lectra’s
business in the booming Turkish
market
Paris, April 25, 2022 - Lectra is
pleased to announce Glengo
Teknoloji
(“Glengo”),
the exclusive distributor of Gerber solutions in Turkey,
will join forces with Lectra
Turkey. Bringing
Lectra Turkey and Glengo
together provides an opportunity for both organizations to expand
their footprint in Turkey,
Central Asia and
the Middle East,
and better serve their customers. Lectra
Turkey will become Glengo
Lectra Teknoloji
and distribute the entirety of the Lectra
Group’s product portfolio. This union is the logical next step
after Lectra’s acquisition of Gerber Technology
(“Gerber”) in
June 2021.
Glengo was established in 1986. The
Istanbul-based company has been providing sales, installation,
training and after-sales services for Gerber solutions since its
founding. Apart from the head office in Istanbul, Glengo has
offices in Adana, Ankara, Bursa, Denizli, Izmir, Kayseri, Malatya,
Ordu, Urfa, Sivas and Tokat Erbaa, with over 120 staff members.
Glengo primarily serves the Turkish and Central Asian markets. It
also sells Gerber solutions to Turkish companies in Bulgaria,
Moldavia, Romania and the Balkans.
“We are proud to have more customers benefiting
from our 36 years of experience in providing top-tier solutions,
technical assistance and support. Being part of Lectra’s
organization gives us access to Lectra’s state-of-the-art offers,
based on Industry 4.0 technology, which will enable us to help our
customers to accelerate the digital transformation of their
operations,” states Mehmet Aykut Vural, founder of Glengo and now
Chairman and CEO of Glengo Lectra Teknoloji.
Turkey ranks as the sixth-largest apparel
supplier in the world. In addition to the flourishing local
industry, many international brands are considering moving their
manufacturing ecosystem to Turkey. As supply disruptions continue
to hit the fashion industry, shipping costs are becoming the
biggest cost driver. Therefore, 71% of fashion and apparel
companies are planning to increase their nearshoring share by 2025,
according to experts. Turkey is one of the top three most promising
locations for nearshoring, especially for European countries.
“Joining forces with Glengo will allow Lectra to
reinforce its position in a country where our business is growing,
and benefit from the Glengo teams’ excellent knowledge of the
regional market and their technological expertise.” says Jérôme
Viala, Executive Vice President of Lectra.
The transaction consists in the acquisition by
Lectra Turkey of the business assets of Glengo for approximately 4
million euros and 25% of shares in Glengo Lectra Teknoloji.
About Lectra:
As a major player in the fashion, automotive and
furniture markets, Lectra contributes to the Industry 4.0
revolution with boldness and passion by providing best-in-class
technologies.
The group offers industrial intelligence
solutions - software, equipment, data and services - that
facilitate the digital transformation of the companies it serves.
In doing so, Lectra helps its customers push boundaries and unlock
their potential. The group is proud to state that its 2,400
employees are driven by three core values: being open-minded
thinkers, trusted partners and passionate innovators.
Founded in 1973, Lectra reported revenues of 388
million euros in 2021 and is listed on Euronext (LSS).
For more information, visit lectra.com.
Media contacts:
Hotwire for Lectra Eugénie Dautel -
t: +33 (0)1 43 12 55
52 Alexis Bletsas -
t: +33 (0)1 43 12 55 71Laura
Bandiera - t: +33 (0)1 43 12 55
70e:
lectrafr@hotwireglobal.com |
|
- pr-glengo-teknoloji-lectra-4-25-2022-en
Lectra (EU:LSS)
Historical Stock Chart
Von Feb 2024 bis Mär 2024
Lectra (EU:LSS)
Historical Stock Chart
Von Mär 2023 bis Mär 2024