Lectra SA signed an agreement to acquire 50.3% stake in Launchmetrics from Bpifrance Investissement SAS and others for approximately $85 million.

Lectra SA (ENXTPA:LSS) signed an agreement to acquire 50.3% stake in Launchmetrics from Bpifrance Investissement SAS and others for approximately $85 million on January 9, 2024. As reported, the transaction concerns the acquisition of about 50.3% of Launchmetrics for about $85 million, this amount will depend on recurring revenues and EBITDA for 2023. Acquisition of the remaining capital and voting rights is planned in five stages: in 2025, 2026, 2027, 2028 and 2030.

The total acquisition price should be between $200 and $240 million, based on expected double-digit growth in both recurring revenues and EBITDA over the 2024-2029 period. Bpifrance will sell part of its shares during this transaction and will remain into the company?s capital until 2027. The acquisition of 50.3% stake in Launchmetrics will be completed in January 2024.