Santoni Shanghai Knitting Machinery Co., Ltd. has announced regulatory approvals from Chinese authorities for acquiring Terrot GmbH, a leading German circular knitting machine manufacturer.
Santoni recently participated at ITMA Asia + CITME 2022 wherein it disclosed that the acquisition is a key move in the company’s strategy to advance the circular knitting machine industry, projecting increased production capacity and market share.
Santoni further revealed that its Ecosystem Strategy aims to unify the fragmented industry, enhance innovation, sustainability and digitalisation. The integration of Terrot’s offerings will enhance Santoni’s ability to meet the demand for high-end circular knitting products.
Both companies will leverage their innovation practices, automation offerings, enterprise services, C2M solutions and the “Materialliance” platform for designers to connect and deliver added value to clients.
Terrot’s expertise, especially in double jersey and jacquard machines, gives Santoni a competitive edge with high-efficiency machines known for performance and cost-effectiveness.
Gianpietro Belotti, CEO of Santoni Shanghai, expressing excitement about the acquisition, commented, “The acquisition of Terrot, including the reputed Pilotelli brand, will allow us to deliver on our commitment to building a stronger, more consolidated global ecosystem capable of yielding a sustained competitive advantage in the circular knitting machine industry. Looking ahead, we aim to cultivate an even more extensive talent pool and solutions portfolio, creating synergies that empower us to deliver a superior knitting experience to our customers.”
Robert Czajkowski, Managing Director of Terrot GmbH, mentioned, “The strategic Santoni Shanghai acquisition broadens our global manufacturing capabilities, augments our technological expertise, and strengthens every link along the supply chain, allowing us to offer innovative textile performances to the global market more effectively.”
“We look forward to upholding Terrot’s ‘Made in Germany’ heritage while further growing its strong brand at Santoni,” said Dirk Lange, Terrot GmbH Co-Managing Director, adding, “With our shared passion for innovation and our mutual vision for a more efficient and sustainable textile and apparel industry, we are poised to drive incredible transformation by enhancing the production of superior textile machinery and inspiring customers with fresh approaches to growth.”
Post-acquisition, Terrot will operate under the leadership of managing directors Robert W. Czajkowski and Dirk Lange, with Santoni Shanghai maintaining Terrot’s headquarters, facilities, brands, and practices in Chemnitz, Germany.