# ITEMA acquires 61% stake in Lamiflex

ITEMA, an Italian textile machinery manufacturer and member of RadiciGroup, has signed an agreement to acquire 61% of shares in Lamiflex, a supplier of composite materials and industrial textile machinery.

- Type: Acquisition
- Announced: 2017-04-28
- Where: Ponte Nossa, Bergamo, Italy
- Status: announced
- Products: textile machinery, composite materials, industrial textile machinery
- Sectors: [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md), [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Lamiflex Group](https://endata.com/companies/13509.md) (target)
- [ITEMA](https://endata.com/companies/17117.md) (acquirer)
- [RadiciGroup](https://endata.com/companies/17118.md) (partner)
- [NoeCha](https://endata.com/companies/24554.md) (target)

## Sources

- [radicigroup.com](https://www.radicigroup.com/en/news-media/news/itema-and-lamiflex-final-agreement-reached-for-strategic-growth_oriented-collaboration-36669), 2017-04-28: "Itema SpA has further signed today a final agreement for its acquisition of 61% of the shares in Lamiflex SpA, thus becoming the majority shareholder"
- [apparelresources.com](https://apparelresources.com/business-news/trade/itema-acquires-61-stake-in-lamiflex/), 2017-05-06: "The technological capabilities of Lamiflex in the composites sector, matched with ITEMA’s strong know-how matured over many decades as a leading supplier of advanced weaving machinery industry, are further enhanced by the vast knowledge of materials chemistry of RadiciGroup."
- [textileworld.com](https://www.textileworld.com/page/1679/?m=bookmanager&quick=n&uid=54), 2017-05-29: "We chose Lamiflex and NoeCha due to their forward-thinking missions and innovative approaches, which perfectly match our dedication to supply top-performing, advanced machinery."
- [indiantextilejournal.com](https://indiantextilejournal.com/itema-to-acquire-lamiflex-and-noecha/), 2017-06-01: "Itema, the world’s largest privately held provider of advanced weaving solutions, including best-in-class weaving machines, spare parts and integrated services, finalised the agreements to acquire 61 per cent of shares in Lamiflex, leading supplier of technical composite products, and a minority sta"

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