Business News

Gerber Scientific Acquires Yunique Solutions

Wednesday 02. December 2009 - Acquisition Combines Gerber's Leadership in CAD/CAM and PLM Solutions for the Apparel and Flexible Materials Industry with Yunique's Advanced PLM Software Platform

Gerber Scientific, Inc. (NYSE:GRB) today announced the acquisition of Yunique Solutions Inc., a privately-held developer of product lifecycle management (PLM) software solutions for the fashion industry. This strategic transaction combines Gerber’s position as a world-leading CAD/CAM and PLM solutions and support provider with Yunique’s innovative and advanced PLM software platform. Gerber expects the acquisition to be accretive to earnings beginning with the Company’s fiscal fourth quarter 2010. Terms were not disclosed.

“Yunique will become a part of Gerber Technology, a leader in the $200 million global apparel/retail PLM software market, and will give Gerber Technology an advanced PLM software offering,” said Marc Giles, Gerber Scientific President and Chief Executive Officer.

“Product development and product lifecycle management are core to our customers’ success,” Giles added. “Through our webPDM software, which we will continue to support, we have established a leading role in this active market. Integrating Yunique’s advanced technologies and expertise will expand our capability for building substantial value for customers and shareholders.”

“This is a powerful combination,” said Daniel Pak and Darioush Nikpour, Yunique’s co-founders and principal owners. “Our customers will now be supported by a global team of PLM solutions consultants that is unmatched in the industry. Innovation will accelerate. Gerber’s global footprint and resources will enhance sales penetration and service delivery. This is the right transaction for our customers, partners and employees. We are excited about joining the Gerber team and eager to contribute to its further growth and development.”