# Itema Group completes acquisition of PTMT (ex Panter)

Itema Group, through its subsidiary Itema Tech s.r.l., has finalized the acquisition of PTMT (formerly Panter), a company in business lease since April 2019, to expand its product portfolio in technical textiles.

- Type: Acquisition
- Announced: 2020-07-29
- Where: Colzate, Bergamo, Italy
- Status: completed
- Products: weaving machinery for technical textiles
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

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

## Sources

- [itemagroup.com](https://www.itemagroup.com/itema-group-announces-the-closing-of-the-acquisition-of-ptmt-ex-panter/), 2020-07-29: "the acquisition of PTMT enriches Itema's technological offer for weaving machinery, adding even more value to our Company's proposal to the market."
- [technofashionworld.com](https://www.technofashionworld.com/itema-acquired-technical-fabrics-producer-ptmt/), 2020-07-30: "The acquisition of PTMT enriches Itema’s technological offer for weaving machinery"
- [textiletechnology.net](https://www.textiletechnology.net/news/acquisition-of-ptmt-204942), 2020-08-06: "The acquisition by the company’s subsidiary Itematech srl, allows Itema to expand its product portfolio by adding PTMT technology, with the aim of consolidating improving their position in the field of technical fabrics."

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