Page 48 - TEXtalks. October- November 2023

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Santoni acquires Terrot

In a move to create a new

ecosystem, Santoni Shanghai

acquires a leading German knitting

machinery manufacturer Terrot

The partnership is part of wider efforts to build a new about this partnership and look forward to working
global circular knitting machine industry leader. with Terrot as we move towards establishing a
Santoni Shanghai Knitting Machinery Co. Ltd., pioneering industry ecosystem, realizing our mission
founded and wholly owned by Italy’s Lonati family, to provide customers with an utterly new knitting
today announced the strategic acquisition of Terrot experience.”
GmbH, a leading manufacturer of circular knitting
machines based in Chemnitz, Germany. The move “With the strategic investment of Santoni, we aim to
comes as the latest development in Santoni strengthen our position as the preferred solution
Shanghai’s long-term vision to build an ecosystem provider to many of the world’s leading textile
that aims to reshape and consolidate the circular manufacturers and top brands as well as continue
knitting industry. The transaction will be finalized working with industry talents as we provide valuable
pending approval from Chinese regulatory and essential know-how to drive premium ‘Made in
authorities. Germany’ textile machinery.” said Robert Czajkowski,
Managing Director of Terrot GmbH. "We have found a
The global circular knitting machine market is strong, globally active partner with clear dedication
expected to see significant growth in the coming to quality, performance and excellent expertise in all
years, with a July 2023 report from Consegic circular knitting segments, who understands the
Business Intelligence forecasting a 5.7% CAGR from unique value proposition and potentials of our
2023 to 2030, propelled by an increasing consumer portfolio and with whom we can realize our growth
preference for breathable and comfortable knitted objectives” he added.
fabrics as well as increasingly diversification of
demand for knitted apparel. To seize this market Terrot GmbH Co-Managing Director Dirk Lange
opportunity, Santoni Shanghai has developed an expressed his similar conviction that Santoni was the
ambitious strategic plan centered around innovation, perfect partner for Terrot’s ambitions. “Having defined
sustainability and digitalization. The new partnership our strategic growth targets, we are now embarking on
with Terrot aims to further this strategy by enhancing the next exciting chapter in our long and successful
Santoni’s integrated and scaled-up ecosystem, while history, one that includes a 160-year tradition of
also driving the sustainable development of the textile machinery manufacturing.” Lange said.
global knitting machinery industry.
By creating synergies and integrating capabilities in
“The integration of Terrot, which also includes the production, sourcing, innovative technologies,
well-known Pilotelli brand, will bring an immediate sustainability, software and digitization, both parties
and extraordinary boost to our products portfolio,” are confident that future joint projects will present
said Gianpietro Belotti, CEO of Santoni Shanghai. numerous opportunities to serve all major textile
“Terrot’s incredible technical capabilities, extensive manufacturing centers like China, ASEAN countries,
product range and vast experience in serving South and Central Asia, Mediterranean Countries
customers all over the world will enable us to better and the Americas by unlocking exceptional value for
achieve our shared aspirations. We are very excited all global textile and apparel players.

October/November 2023