# Spinnova signs letter of intent to acquire Tearfil for EUR 500,000

Spinnova has signed a non-binding letter of intent to acquire all shares of Portuguese yarn spinner Tearfil for an initial purchase valuation of EUR 500,000 in cash and shares. The deal is intended to strengthen Spinnova's position in the textile value chain.

- Type: Acquisition
- Announced: 2026-09-17
- Where: Portugal
- Value: $550K (500K EUR)
- Status: announced
- Products: yarn, textile fibre
- Sectors: [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [Spinnova](https://endata.com/companies/16125.md) (acquirer)
- [Tearfil](https://endata.com/companies/41820.md) (target)

## Sources

- [spinnovagroup.com](https://spinnovagroup.com/releases/inside-information-spinnova-signs-letter-of-intent-regarding-potential-acquisition-of-tearfil-and-related-eur-1-5-million-bridge-loan-financing/), 2026-09-17: "Tearfil has been an important partner for Spinnova, playing a key role in advancing SPINNOVA® fibre toward commercial applications."
- [ecotextile.com](https://www.ecotextile.com/2026091765697/news/shows-events/spinnova-moves-to-purchase-tearfil/), 2026-09-17: "The move would secure dedicated yarn development and spinning capabilities for Spinnova fibre."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.