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Thursday, 23 July 2020 14:09

Stoll-Karl Mayer merger completes

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The merger between Karl Mayer and Stoll was completed as of July 1, 2020. As per merger plans, Stoll will now operate within the Karl Mayer Group as autonomous business unit and will represent expertise in the field of flat knitting technology. The company’s former CEO Andreas Schellhammer will be the head of its business unit within the Karl Mayer Group.

The production of Stoll machines in China will be integrated into Karl Mayer’s plant in Changzhou. The Chinese facility, having a surface area of 90,000 sq mt and modern halls, offers excellent conditions for Stoll to continue its high quality production. The integration project here is running smoothly despite the highest complexity and corona pandemic.

In addition, Chinese customers will be able to benefit from Karl Mayer’s (China) resources and organization in service and spare parts. Supply to Chinese customers from China will provide them with the shortest delivery times. The merger will also offer advantages in terms of digitalization. Stoll’s wide experience of the cloud software will enable Karl Mayer to develop innovative solutions with KM.ON cloud-based concepts and artificial intelligence.