# Vandewiele to acquire Savio Group

Alpha Private Equity has reached an agreement to sell 100% of Savio Group to Vandewiele, a Belgian textile machinery group. Financial terms are not disclosed. The transaction is expected to close in spring 2021.

- Type: Acquisition
- Announced: 2020-01-13
- Where: Italy
- Status: announced
- Products: winding machines and quality control devices for textile industry
- Sectors: [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [Savio](https://endata.com/companies/40264.md) (target)
- [Vandewiele](https://endata.com/companies/44468.md) (acquirer)
- [Alpha Private Equity](https://endata.com/companies/44469.md) (investor)

## Sources

- [saviospa.com](https://saviospa.com/en/news/savio-group-joins-vandewiele), 2020-01-13: "Receiving such strong interest from important players in this challenging period is a recognition of Savio's strategic value."

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