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Santoni Shanghai finalizes Terrot acquisition

Santoni Shanghai Knitting Machinery Co., Ltd. announced that it has received regulatory approval from the Chinese authorities for its proposed acquisition of Terrot GmbH, a leading manufacturer of circular knitting machines in Germany. The acquisition represents a pivotal step in Santoni’s strategy to advance the circular knitting machine industry. The integration of Terrot into the Santoni [...]

By |2023-11-21T07:12:40-06:00November 21, 2023|

Santoni Shanghai acquires Terrot

Santoni Shanghai Knitting Machinery Co., Ltd., founded and wholly owned by Italy's Lonati family, announced the strategic acquisition of Terrot GmbH, a manufacturer of circular knitting machines based in Chenmitz, Germany. The move comes as the latest development in Santoni Shanghai's long-term vision to build an ecosystem that aims to reshape and consolidate the circular knitting industry. The transaction [...]

By |2023-09-12T10:19:52-05:00September 12, 2023|

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