Itema, one of the leading providers of
advanced weaving solutions, has announced the finalization of the agreement for
the acquisition of the PTMT, formerly Panter, in business lease since April
2019.
Despite the difficult moment that the world
economy is going through due to the consequences of the pandemic generated by
the COVID-19 virus, Itema’s Board of Directors chooses not to stop investments.
The acquisition by its subsidiary Itema
Tech s.r.l. allows Itema 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. Itematech offers the most complete
technological portfolio available on the market to weave these special fabrics.
The operation confirms Itema’s Board
Directors intention to invest in the textile machinery sector, as witnessed by
the words of Mr. Gianfranco Ceruti, President of the Board of Directors of
Itema, “The acquisition of PTMT enriches Itema’s technological offer for
weaving machinery, adding even more value to our Company’s proposal to the
market”.
Mr. Angelo Radici – on behalf of the family
heirs of Gianni Radici, who hold 60% of the Itema shares, and in agreement with
the Arizzi and Torri families to whom the remaining share belongs – commented,
“We are confident that the merger of PTMT’s deep technological know-how and the
structural and organizational solidity of our Group will give rise to new
opportunities for development and affirmation on international markets.”
Mr. Ugo Ghilardi, CEO of Itema Group, said,
“Itematech will be able to count on Itema Group’s production capacity and ist
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 in the field of lean manufacturing,
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. Thanks to the union of the two technological realities, Itematech
provides the weaving of wide range of technical fabrics and know-how in the
sector.