Page 55 - TEXtalks November/December 2021

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Itema completes the

acquisition of Lamiflex

Itema, leading global provider of advanced weaving grow in terms of people. The number of Lamiflex
solutions, has completed the acquisition of Lamiflex, employees has in fact increased from 102 in 2017 to
an Italian excellence in the production of composite 130 in 2021 and we will continue on this trend with
material components. The operation completes the new hires in 2022. "
integration process already started in 2017 and,
following the agreement reached with the heirs of the Graduated in Aeronautical Engineering, Eng. Zocche
founding family, Itema becomes the sole shareholder has a long experience in managing business devel- AD
Italian Review Founded in 1976 by Luigina Bernini and Luigi Castel- consulting firms such as Galgano & Associati and
opment projects in various industrial fields. His
of Lamiflex S.p.A.
professional career includes leading positions in
PwC Italy, and over 15 years of experience in IBM
li, Lamiflex has offices in Ponte Nossa (Bergamo) and
Hong Kong and this year celebrates the forty-fifth
with a specific focus on enterprise asset manage-
ment and smart manufacturing.
anniversary of its foundation. Lamiflex represents a
strategic asset fo Itema Group, as its main supplier of
composite material components for rapier weaving
machines. Furthermore, the objective of the acquisi-
tion is to further boost Lamiflex's potential in the
Aerospace, Medical and Industrial sectors to estab-
lish new growth targets and different levels of devel-
opment.

Angelo Radici, Chairman of Lamiflex Board of
Directors, commented on the news of the acquisition
as follows: "I believe that in an increasingly dynamic
and constantly evolving market, we must know how
to work as a team to design innovative applications
and find new solutions: the Lamiflex technologies in
the world of composites are combined with Itema's
many years of know-how in the textile machinery
sector and open the way to countless further oppor-
tunities for growth ».

"The entry of Massimo Zocche as new General Massimo Zocche, the new General Manager.
Manager of Lamiflex will make a strong contribution
to the development of the company and of the entire “I undertake this path in Lamiflex with enthusiasm.
Itema Group thanks to the strategic vision deriving The company stands out for its innovative spirit and a
from his in-depth knowledge of the industrial world deep attention to the needs of its customers", said
and digital evolution processes", declared the Chief Massimo Zocche. “In a challenging moment like this,
Executive Officer of the Itema Group, Ugo Ghilardi. “A we want to focus on the fundamentals that have
new chapter opens in the history of Lamiflex, in which always made Lamiflex strong and competitive,
we will grow together to build a more solid and seizing incremental opportunities, from digital to
prosperous future. By 2026, we aim to double the exclusive development projects, always in close
current annual turnover of 20 million euros and to collaboration with industry partners”.

November/December 2021