# Nextil finalizes acquisition of Portuguese group Sici

Nextil has acquired all shares of Sici and its subsidiaries for €8 million plus contingent payments. Sici is a provider of integrated services for luxury fashion brands.

- Type: Acquisition
- Announced: 2018-11-19
- Where: Portugal
- Value: $9.10M (8.00M EUR)
- Status: completed
- Products: textiles, garments
- Sectors: [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [Nextil](https://endata.com/companies/35565.md) (acquirer)
- [Sici](https://endata.com/companies/35566.md) (target)

## Sources

- [noticierotextil.net](https://noticierotextil.net/economia/nextil-finaliza-la-adquisicion-del-grupo-portugues-sici/), 2018-11-19: "El cierre de la adquisición permitirá a Nextil fortalecer su posicionamiento, no solo en el sector del lujo, donde considera que hay una gran oportunidad para generar valor, sino también a nivel internacional."

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