# Jack Sewing Machine to acquire Italian industrial sewing machine makers for EUR23.2M

Jack Sewing Machine Co. plans to buy all of Finver SPA, 95% of Vinco SRL and 30% of ViBeMac SPA, giving it total equities of 100% and 80% respectively, for a total of EUR23.2 million. The acquisitions aim to expand Jack Sewing's product categories and customer base in Italy.

- Type: Acquisition
- Announced: 2018-02-07
- Where: Italy
- Value: $28.6M (23.2M EUR)
- Status: announced
- Products: industrial sewing machines, jeans production machinery
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Jack Sewing Machine Co.](https://endata.com/companies/18242.md) (acquirer)
- [Finver SPA](https://endata.com/companies/18243.md) (target)
- [Vinco SRL](https://endata.com/companies/18244.md) (target)
- [ViBeMac SPA](https://endata.com/companies/18245.md) (target)

## Sources

- [yicaiglobal.com](https://www.yicaiglobal.com/news/china-jack-sewing-buys-italian-machinery-makers-adding-to-overseas-acquisitions-), 2018-02-07: "Jack Sewing aims to expand its product categories and customer base in Italy with a particular focus on automated jeans production."

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