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Itema Group finalizes PTMT acquisition

  

Itema, the leading provider of advanced weaving solutions, including best-in-class weaving machines, spare parts and integrated services, has finalized agreement for the acquisition of PTMT, in business lease since April 2019. This acquisition by subsidiary Itema Tech srl allows the company to expand its product portfolio by adding PTMT technology, with the aim of consolidating and establishing a new leadership in the field of technical fabrics.

The operation confirms Itema’s Board Directors intention to invest in the textile machinery sector. Gianfranco Ceruti, President, Itema views the acquisition as enriching Itema’s technological offer for weaving machinery, adding even more value to the company’s proposal to the market. Ugo Ghilardi, CEO, Itema Group, said with Itematech the company is ready to respond to the needs of this specific sector, through the widest range of technological solutions offered by a single partner. Itematech will be able to count on Itema Group’s production capacity and its commercial and service network, along with the technological solutions that have always been the flagship of the Panter brand, such as the loom dedicated to weaving carbon fiber, in what is a unique synergy on the market.

The Itema plant in Colzate, at the forefront was quickly equipped by the Itema engineering team for the production of the ex-Panter models thus guaranteeing the high quality standards of Itema weaving machines.

 
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