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Vandewiele acquires Savio Group
05 Jan '21
1 min read
Pic:Vandewiele
Vandewiele, a supplier of carpet and velvet weaving machines and textile accessories, has announced the acquisition of 100 per cent of Savio Group. Savio is the world leader in the yarn finishing sector, operating in the design, manufacturing and distribution of winding machines, quality control devices and electronic boards for the textile industry.
“We are convinced that the Savio Group will be a valued member of Vandewiele, consisting of several textile machine companies, all trendsetters in their field,” Vandewiele stated in a press release.
“We are extremely proud to welcome the Savio Group with its strong tradition and technology in our group. The joining of our technological capabilities, R&D and industrial operations will allow us to grow strongly in the next few years,” Charles Beauduin, CEO of Vandewiele, said.
Adding the Savio organisation to our group will provide benefits to many of Vandewiele’s customers. Group is also excited to welcome the Savio customers and employees to its organisation.
Fibre2Fashion News Desk (JL)
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Jason Kent
British Textile Machinery Association (BTMA)
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