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Ningbo Yu Technology Acquisition Switzerland Stanger

2010/8/4 8:59:00 47

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Stanger Fashion Design

After a year, Ningbo City

Yu Ren

Knitting Machinery Co., Ltd. successfully acquired Switzerland

Stand

The group and its Italy

fashion

Design center and Stanger Shanghai textile

Mechanics

The company has a total of 3 enterprises with net assets of 22 million 483 thousand euros.

"In acquisition, what we value most is the essence of these enterprises -- technology R & D center."

Ningbo Yu Ren senior company said.

Stanger group has 60 years of computerized flat knitting machines.

Knitting machine

Manufacturing history is the third largest computerized flat knitting machine manufacturer in the world today.

However, due to the financial crisis last year, the company is facing unprecedented pressure and is eager for powerful companies to inject capital or acquire M & A.

From last May to June this year, Ningbo yulen Knitting Machinery Co., Ltd. has gone through more than a year's acquisition process. It has held several rounds of negotiations with Stanger group and Italy ITEMA group in Shanghai, Cixi, Switzerland and Italy. Finally, the two sides reached a substantive agreement of intent last December 22nd. This year, 1~3 entered the preliminary assessment and evaluation stage for the acquired enterprises. This year April to June, the completion of acquisition, contract, corporate restructuring and planning stage was completed.

At present, the project has officially entered the operational stage.

After the acquisition, Yu made use of Stanger's technology, global marketing network and the price advantage of Yu's domestic production to implement external expansion, merger in the industry, and initially complete the international strategic layout.

It is understood that Stanger's R & D production has no dashed jacquard technology and high-density loop technology in the world.

At the same time, Switzerland's compact machining technology and technology also lurk great value.

After the acquisition, Yu man knitting will not only greatly improve the level of R & D, but also speed up the pace of development of the company.

Moreover, Ningbo Yu Ren knitting as a local enterprise has strong competitive power in the Chinese market with a market share of over 50%.

After that, the company will set up an international R & D platform based on Swiss R & D base, scale production in China, make full use of global resources and global marketing network, realize the best combination of international high technology and domestic low price, expand the international market and enhance the comprehensive competitiveness of the surplus people, so that the cistar computer flat knitting machine will compete with the international giants of the two major computerized flat knitting machines of Stoll and Japan island.

Cixi foreign trade and Economic Cooperation Bureau staff said that despite the financial crisis, many foreign enterprises are in trouble, but the level of technological development of these enterprises has not been reduced due to the financial crisis.

"It is very visionary for our city enterprises to take the opportunity to acquire technology research and development centers in overseas research and development enterprises or overseas enterprises, and choose their essence to enhance their strength."

The source said.

"From the sales volume and market share, we have been leading many foreign flat knitting machines. At present, the main gap is still reflected in technology, and after the acquisition, our technology will be greatly improved.

At the same time, we are working on a national project "Cixing textile Software Technology Park" will also play a role. It is estimated that in the next 35 years, the gap with international advanced technology will be very small.

Yu people said