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
German circular knitting machinery manufacturer Terrot called ITMA 2023, a great platform to present its products and services to a wide trade audience and that the fair exceeded its expectations in all areas. “Given the circumstances, the economic slowdown and crises in the textile industry we were overwhelmed by the interest and feedback generated,” Managing […]