Santoni Shanghai Knitting Machinery Co., Ltd., a leading manufacturer of circular knitting machines, has acquired Terrot GmbH, a German company with a long history in the industry. The acquisition will help Santoni Shanghai to build a more integrated and scaled-up ecosystem for circular knitting machines.

The global circular knitting machine market is expected to grow significantly in the coming years, driven by the increasing demand for breathable and comfortable knitted fabrics. Santoni Shanghai believes that the acquisition of Terrot will help it to better seize this market opportunity.

Terrot is a well-respected company with a strong reputation for quality and innovation. Its products are used by leading textile manufacturers and brands all over the world. The acquisition will give Santoni Shanghai access to Terrot's technology and expertise, which will help it to develop new and innovative products.

The acquisition is also a strategic move by Santoni Shanghai to consolidate the circular knitting industry. The company believes that by combining its resources with Terrot's, it will be able to create a more efficient and competitive industry.

The acquisition is subject to regulatory approval. If approved, it is expected to close in the coming months.

In addition to the headline, here are some other key points from the text:

• The acquisition will help Santoni Shanghai to build a more integrated and scaled-up ecosystem for circular knitting machines.

• The global circular knitting machine market is expected to grow significantly in the coming years.

• Terrot is a well-respected company with a strong reputation for quality and innovation.

• The acquisition will give Santoni Shanghai access to Terrot's technology and expertise.

• The acquisition is a strategic move by Santoni Shanghai to consolidate the circular knitting industry.