# Itema Group launches Itematech after business lease of PTMT

Itema Group signed an agreement for the business lease of PTMT (formerly Panter) to create Itematech, a new company dedicated to producing weaving machines for technical fabrics.

- Type: Acquisition
- Announced: 2019-04-19
- Where: Italy
- Status: announced
- Products: weaving machines for technical fabrics
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md), [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [ITEMA](https://endata.com/companies/17117.md) (acquirer)
- [PTMT](https://endata.com/companies/38848.md) (target)

## Sources

- [textileworld.com](https://www.textileworld.com/textile-world/nonwovens-technical-textiles/2019/04/techtextil-2019-exhibitor-preview-itema-group-announces-the-new-itema-technical-textiles-division-itematech/), 2019-04-19: "Itema recently signed an agreement for the business lease of PTMT (formerly Panter), thus giving rise to Itematech."

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