Germany-based Terrot GmbH has acquired Italy-based circular knitting machinery manufacturer Pilotelli Macchine Tessili S.r.l.
The acquisition will help Terrot fulfill its growth strategy, and also will help Pilotelli to save its business after becoming insolvent. Pilotelli is known in particular for its single-jersey technology expertise, and has a strong presence in Turkey and South America.
Pilotelli’s site in Cazzago San Martino, Italy, will continue production under the new organization, Terrot Italy S.r.l. The company will be managed by Terrot’s Peter Schüring and Andreas von Bismarck along with select members of Pilotelli’s management team.
“We expect noticeable benefits for our international customers in sales as well as after sales services,” said Andreas von Bismark, managing director, Terrot. “Having good expertise in both companies, we will surely complement each other.”
May 20, 2014
