Lectra, a company specializing in industrial intelligence solutions for the fashion, automotive, and furniture industries, is making strides in integrating AI into its processes. Recently, the French company acquired a 30% stake in AQC, a fellow French company that focuses on using machine learning tools for automatic recognition of textile defects.
By investing €1.3 million in AQC, Lectra is laying the groundwork for a strategic partnership that will enhance the quality control tools offered by the company. AQC, established in 2019, will use the funds to expand its operations and further develop its AI-based quality control solutions. These tools will complement Lectra’s existing software, cutting equipment, and analysis tools, providing brands and manufacturers with a comprehensive range of solutions.
Maximilien Abadie, Chief Strategy Officer and Chief Product Officer of Lectra, expressed enthusiasm about the partnership, highlighting AQC’s commitment to bringing textile quality control into the Industry 4.0 era. This aligns with Lectra’s strategic goals and will allow customers to benefit from AQC’s expertise. The collaboration aims to strengthen Lectra’s value proposition by enhancing the value chain for fashion customers.
In addition to the partnership with AQC, Lectra made another significant investment in AI by acquiring an 18% stake in Six Atomic, a Singapore-based company. This investment, totaling €2.5 million, will enable brands and manufacturers to leverage AI tools for creating modular pattern libraries, streamlining the collection development process.
While Lectra faced a 6% revenue decline in 2023 due to challenging business conditions, the company showed positive signs of recovery in the first half of 2024 with a 9% revenue increase. This growth trajectory indicates Lectra’s resilience and adaptability in navigating fluctuating market dynamics.
The strategic partnerships with AQC and Six Atomic underscore Lectra’s commitment to innovation and leveraging AI technologies to enhance its product offerings. As the company continues to expand its capabilities and strengthen its position in the market, customers can expect a more comprehensive suite of solutions tailored to meet the evolving needs of the fashion and manufacturing industries.