On February 26, Savio Macchine Tessili S.p.A. became the controlling shareholder of Mesdan S.p.A., with the support of the private equity fund Alpha, the major shareholder of the Savio Group. With this acquisition worth more than EUR 20 million, Savio aggregates in its group a company leader in the field of devices for yarn joining and testing instruments for textile laboratories.
In line with the Savio Group philosophy, Mesdan, with a direct presence in China through a joint venture and with a subsidiary in India, will retain its autonomy with regard to the sales network and relations with its customers. Mesdan will be led by Mrs. Daniela Messa who has become the new CEO of the company in lieu of Mr. Renato Zanca, who has been Mesdan CEO for the past 33 years but will continue to be part of the Company Board of Directors. Mr. Lorenzo Miglioli will remain the General Manager of the company.
With a 2011 turnover of EUR 460 million and 1469 employees worldwide, the Savio Group, founded in 1911 and based in Pordenone, is today the leader in the field of textile machinery for yarn finishing and control systems for the yarn quality with companies and plants in Italy, Switzerland, Belgium, Germany, the UK, the US, China and India.
This acquisition represents a further step in the development of a group focused on high technology and excellent solutions for the textile industry.
With a 2011 turnover close to EUR 40 million and 84 employees, Mesdan S.p.A., founded in 1952 with headquarters in Raffa di Puegnago (BS), Italy, has reached a leading position in the production of yarn splicing devices, thanks to the development and ownership of several patents in the field of air and water joint technology. Mesdan has also diversified its activities through the business of textile laboratory instruments to meet the increasing demands of the textile market towards quality control of fibers, yarns and fabrics.