Lectra SA (ENXTPA:LSS) signed a share purchase agreement to acquire Kubix Lab for €7 million on January 25, 2018. As a part of consideration, Lectra SA paid €3 million at the time of signing agreement, €1.3 million and €2.7 million will be paid respectively in 18 and 36 months' time, providing objectives are met. The deal is to be funded from available cash. Kubix Lab will be consolidated into Lectra’s accounts, effective from the signature of the final agreement. The founders of Kubix Lab including Giampaolo Urbani, Chief Executive Officer and Co-Founder of Kubix Lab will be in charge of developing an integrated Lectra Link offer. The deal is expected to close by January 31, 2018. Lectra SA estimates that the acquisition of Kubix Lab will have a non-material impact on its 2018 financial performance. Lectra SA (ENXTPA:LSS) completed the acquisition of Kubix Lab for €7.1 million on January 26, 2018. The transaction involves the entire acquisition of Kubix Lab for the maximum amount of €7.1 million: a fixed part of €3.1 million, a variable part of €1.3 million and €2.7 million to be paid respectively 18 and 36 months after the acquisition date, providing objectives are met. The entire €7.1 million amount was disbursed in first quarter of 2018. The variable part of €4 million was paid into an escrow account. The acquisition will have no significant impact on Lectra's 2018 financial results.