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Santoni Shanghai finalizes Terrot acquisition
November 21st, 2023
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 […]
Santoni Shanghai acquires Terrot
September 12th, 2023
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 […]