Santoni Shanghai Acquires A Leading German Knitting Machinery Maker Terrot In Move To Create A New Ecosystem
Acquiring Company
Santoni China
Acquired Company
Terrot
China
GermanyManufacturingFashionManufacturingFashionDescription
Santoni Shanghai Knitting Machinery Co., Ltd., founded and wholly owned by Italy's Lonati family, today announced the strategic acquisition of Terrot GmbH, a leading 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 will be finalized pending approval from Chinese regulatory authorities.
Quick answer
Santoni China is acquiring Terrot, announced September 12, 2023. Santoni China is based in China.
- How much did Santoni China pay for Terrot?
- The deal value was not disclosed.
- What does Santoni China do?
- Established in 2005, Santoni Shanghai Knitting Machineries Co., ltd. offers a full range of innovative textile knitting products and solutions to its customers.
- Where are Santoni China and Terrot based?
- Santoni China is based in China. Terrot is based in Germany.
Source: Fundz verified event record.
Other recent acquisitions in Fashion and Fashion
Deals where the buyer or target shares a sector with this one, within 45 days, from Fundz verified event records.
- Excelitas Technologies To Acquire Heraeus Noblelight Business From Heraeus Group (September 15, 2023)
- Her Campus Media Acquires Gen Z Influencer Marketing Platform Zfluence (October 26, 2023)
- Shrieve Chemical Acquires Gilbert & Jones (October 24, 2023)
- Digital Marketplace Basic.Space Acquires Design Miami/, The Pre-Eminent Global Forum For Collectible Design (October 18, 2023)
- Samsung Display Completes Acquisition Of Emagin (October 18, 2023)
- Emerson Completes Acquisition Of Ni, Advancing Global Automation Leadership (October 11, 2023)
Who to call at Santoni China, and when
When Santoni China changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
- An alert the day Santoni China raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Santoni China, from your own LinkedIn network
Works inside ChatGPT and Claude. Ask who to call at Santoni China. With Fundz connected, it knows.
AI made execution free. Knowing first is the whole game now.
Fundz sees it the moment Santoni China makes an acquisition, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
Frequently asked
Who acquired Terrot?
Terrot was acquired by Santoni China, based in China. The deal was reported on September 12, 2023. Established in 2005, Santoni Shanghai Knitting Machineries Co., ltd. offers a full range of innovative textile knitting products and solutions to its customers. Santoni China is privately held and operates in Manufacturing.
When did Santoni China acquire Terrot?
Santoni China's acquisition of Terrot was reported on September 12, 2023. Santoni Shanghai Knitting Machinery Co., Ltd., founded and wholly owned by Italy's Lonati family, today announced the strategic acquisition of Terrot GmbH, a leading manufacturer of circular knitting machines based in Chenmitz, Germany. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Terrot do?
For over 160 years, Terrot GmbH has been a premium partner to the textile industry worldwide. With its Terrot and Pilotelli product lines, the company is present in 120 countries. It is privately held, operating in Manufacturing, and is based in Germany.
This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.
145 of these a day, filtered to the companies you pick, with the decision-maker attached.
5 screens from a live account. No signup.