Santoni Shanghai Knitting Machinery Co’s proposed acquisition of Terrot GmbH has been approved by Chinese authorities as a pivotal step in the company’s strategy to advance the industry and solidify its position as the leading manufacturer.
The acquisition will boost Santoni’s production capacity and market share. It will also enable the company to offer high-efficiency machines renowned for superior performance, low maintenance, and cost-effectiveness. Besides, the acquisition will showcase Terrot’s patented UCC 572-T, a state-of-the-art high-feeder transfer jacquard machine, at ITMA Asia + CITME, providing a sneak peek into the future of this collaboration.
Gianpietro Belotti, CEO, Santoni Shanghai, says, the acquisition will strengthen the company’s position in the industry and allow it to provide a superior knitting experience to customers.
Robert Czajkowski, Managing Director, Terrot GmbH, adds, the acquisition will enhance Terrot’s technological expertise and its ability to offer innovative textile performances to the global market.
Terrot will continue its operations under the leadership of Robert W. Czajkowski and Dirk Lange. Santoni plans to retain Terrot’s headquarters, facilities, brands, and practices in Chemnitz, Germany.
