Stäubli Acquires Share In Deimo

Switzerland-based Stäubli International AG has acquired a stake in Italy-based Deimo S.p.A. — a designer and manufacturer of electronic boards and controllers for textile machinery manufacturers. The relationship will allow the two companies to work more closely together, combining Deimo’s engineering capability with Stäubli’s needs.

The Deimo brand and its facility in Italy will be maintained, and the company will continue to supply its products and services to existing customers. Mario Mattia will continue in his role as Deimo CEO.