VanDeWiele, a supplier of carpets, velvet looms and textile accessories, announced the acquisition of 100% of the shares of Savio Group. Savio Group is a global leader in yarn finishing, designing, manufacturing and distributing winding machines, quality control equipment and circuit boards for the textile industry.
VanDeWiele stated in the press release that we firmly believe that the Savio Group will become an important member of VanDeWiele. The Savio Group is composed of several textile machinery companies, all of which are in this field. The trend setter.
VanDeWiele CEO Charles Beauduin said: We are very honored to welcome Savio Group with its strong tradition and technology to join our team. Our combination of technical capabilities, R&D and industrial operations will enable both parties to grow strongly together in the coming years. Adding Savio Group to our team will bring benefits to more of VanfDeWiele’s customers, and VanDeWiele is pleased to welcome Savio’s customers and employees to join this new organization.
