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Savio Acquires Mesdan

itema Spinning business unit Savio Macchine Tessili S.p.A., Italy — with support from Europe-based private equity fund Alpha — has acquired a controlling interest in yarn splicing and textile testing equipment maker Mesdan S.p.A., Italy.

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

Mesdan 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. Operations outside of Italy include a joint venture in China and a subsidiary in India. The company will continue to operate as an independent enterprise.

May/June 2013

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