Santoni Shanghai Knitting Machinery has received regulatory approval from the Chinese government for its proposed acquisition of Terrot GmbH, a leading manufacturer of circular knitting machines in Germany. “The integration of Terrot into the Santoni ecosystem is projected to increase Santoni’s
Shanghai based Santoni Shanghai Knitting Machinery, which has been founded and wholly owned by Italy’s Lonati family, has acquired Terrot GmbH, a German manufacturer of circular knitting machines. “This acquisition is in tune with Santoni Shanghai’s long-term vision to build an ecosystem that aims to reshape and consolidate the circular knitting industry,” the