Home    Resource Store    Past Issues    Buyers' Guide    Career Center    Subscriptions    Advertising    E-Newsletter    Contact

Textile World Photo Galleries
January/February 2015 January/February 2015

View Issue  |

Subscribe Now  |

Events

OUTLOOK™ Plus Latin America 2015
03/03/2015 - 03/05/2015
01/07/2014 - 01/07/2014

Cairo Fashion - 55th International Fashion, Apparel & Textile Exhibition
03/05/2015 - 03/08/2015

Intermediate Nonwovens Training
03/09/2015 - 03/12/2015

- more events -

- submit your event -

Printer Friendly
Full Site
Textile News

Savio Acquires Mesdan

Italy-based itema Spinning business unit Savio Macchine Tessili S.p.A. — with support from Alpha, a Europe-based private equity fund that also has a majority interest in Savio — has acquired a controlling interest in yarn splicing and textile quality testing equipment manufacturer Mesdan S.p.A., also based in Italy. The value of the transaction is more than 20 million euros.

Savio, founded in 1911, has 1,469 employees worldwide and reported a 460 million-euro turnover in 2011. The company specializes in yarn finishing machinery and quality-control systems and has operations in Italy, Switzerland, Belgium, Germany, United Kingdom, United States, China and India.

Mesdan, founded in 1952, has 84 employees and in 2011 reported nearly 40 million euros in turnover. It has received several patents relating to air and water joint technology. With operations outside of Italy including a joint venture in China and a subsidiary in India, the company will remain autonomous in its relationships with its customers and in the markets it serves.

March 5, 2013

Advertisement