Mimaki Europe announces acquisition of La Meccanica

20 Oct '16

2 min read

Mimaki Europe B.V., a consolidated subsidiary of Mimaki, has announced that it has completed the stock acquisition of La Meccanica Costruzione Tessili-S.P.A., an Italian textile machinery company. The latter has now been converted into a subsidiary company of the Mimaki group and its corporate name has been changed to Mimaki La Meccanica S.p.A.

Mimaki group’s three executives will be appointed as directors of the newly acquired firm. It will now leverage La Meccanica’s product and technological expertise to accelerate its efforts to promote digital on-demand production in the textile apparel market on a global scale.

“We are pleased to bring La Meccanica’s talented people and advanced technology under the Mimaki umbrella. La Meccanica has a great reputation in the textile industry, and this acquisition bolsters Mimaki’s efforts to bring the digital transformation to textile printing,” said Kazuaki Ikeda, president, Mimaki.

“The acquisition of La Meccanica is not expected to have any significant impact on Mimaki’s consolidated performance for the current fiscal term, and thus, there will be no revisions to Mimaki’s earnings forecast as a result of this acquisition,” added Ikeda.

La Meccanica is a specialist in the sector of inspection and packing machines for all types of fabrics and also carries out production, sales and customer service for digital printing devices. (KD)

Fibre2Fashion News Desk – India

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