The acquisition makes Santoni the world’s leading producer of circular knitting machines, unifying the fragmented industry through its strong ecosystem strategy.
SHANGHAI, November 19, 2023 /PRNewswire/ — Santoni Shanghai Knitting Machinery Co., Ltd., made an appearance at ITMA Asia + CITME 2022, and is honored to announce that it has received regulatory approval from Chinese authorities for its project acquisition of Terrot GmbH, a leading manufacturer of circular knitting machines in Germany.
This acquisition represents a crucial step in Santoni’s strategy to advance the circular knitting machine sector. The integration of Terrot into the Santoni ecosystem is expected to increase Santoni’s production capacity and increase its market share, and, in conjunction with other strategic objectives, firmly consolidate Santoni’s position as a leading manufacturer in the sector, with unrivaled scale, depth of innovation and expertise. .
Seeking to meet the growing demand for premium circular knit products, Santoni has implemented an ecosystem strategy in recent years, aiming to unify a highly fragmented industry and improve innovation, sustainability and digitalization to meet more effectively meet the needs of the market. Deploying the latest innovation practices from both parties, textile automation offerings, integrated business services, C2M solutions and designer platform “Materialiance”, will enable Santoni Shanghai and Terrot to connect and filling the demand and supply of circular knitted products, thus delivering substantial results. added value for customers.
By integrating Terrot’s offerings, particularly in the double jersey and jacquard sector, Santoni is expected to gain a competitive advantage by offering high-output machines known for their superior performance, low maintenance and cost-effectiveness. Highlighting this change, Terrot’s patented UCC 572-T will be presented at the upcoming ITMA Asia + CITME 2022 in Santoni. Shanghai local. This state-of-the-art high feed transfer jacquard machine for sports and leisure wear in fine gauges will offer a glimpse into the potential for future collaboration.
“I am very excited about today’s announcement,” said Gianpietro Belotti, CEO of Santoni Shanghai. “The acquisition of Terrot, including the renowned Pilotelli brand, will enable us to deliver on our commitment to building a stronger and more consolidated global ecosystem capable of generating sustainable competitive advantage in the circular knitting machine industry. Looking ahead, we aim to cultivate an even broader talent pool and solution portfolio, creating synergies that enable us to deliver a superior knitting experience to our customers.
“Today’s great news represents the coming together of two exceptional teams,” said Robert Czajkowski, Managing Director of Terrot GmbH. “The strategic acquisition of Santoni Shanghai expands our global manufacturing capabilities, increases our technological expertise and strengthens every link in the supply chain, enabling us to more effectively deliver innovative textile performance to the global market.
“We look forward to respecting Terrot’s ‘Made in’ label Germany‘heritage while further developing its strong brand at Santoni,’ said Dirk Long, co-managing director of Terrot GmbH. “With our shared passion for innovation and our shared vision of a more efficient and sustainable textile and apparel industry, we are poised to drive an incredible transformation by improving the production of superior textile machinery and inspiring our customers with new growth approaches. »
After the acquisition, Terrot will continue to operate under the leadership of the managing directors Robert W. Czajkowski And Dirk Long. Santoni Shanghai plans to maintain Terrot’s headquarters in Chemnitz, Germanyas well as its facilities, brands and practices.
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SOURCE Santoni
