Uster Technologies Acquires Jossi Systems
Switzerland-based Uster Technologies AG — a manufacturer of instruments for quality measurement and
certification of textile materials — has acquired Jossi Systems AG — a division of the
Switzerland-based Jossi Group and a manufacturer of systems for cotton cleaning and contamination
removal — for an undisclosed amount.
The acquisition includes all Jossi Systems shares, intellectual property, and current employees. Uster Technologies expects the acquisition will reinforce its position worldwide as a provider of yarn quality management, testing and certification.
"Jossi is a long-standing company in the area of cotton cleaning and contamination removal," said Uster Technologies CEO Geoffrey Scott, Ph.D. "They have a fine reputation as a quality supplier and their products fit perfectly with Uster, complementing our existing product range. The problem of removing disturbing foreign matter from cotton is one of the major challenges faced by any quality-minded spinning mill. The combination of Jossi's products with the USTER® QUANTUM 3 yarn clearer, and the deep knowledge that exists in our two companies, means that Uster can now offer a complete solution to customers to tackle this challenge."
"We are very happy with Uster Technologies as the new owner of Jossi Systems," said Jossi Holding CEO Armin Jossi. "We have known Uster for many years and they are respected as the leader in quality management in the textile industry. They have the right size, ambition and global presence to support the further development of Jossi Systems and to ensure a bright future for them in the industry."
December 10, 2013