# Serge Ferrari acquires German group Verseidag-Indutex

French composite materials group Serge Ferrari acquired German counterpart Verseidag-Indutex from Jagenberg AG. Verseidag-Indutex employs about 250 people across four sites and has annual revenue of €72 million.

- Type: Acquisition
- Announced: 2020-10-01
- Where: Krefeld, North Rhine-Westphalia, Germany
- Jobs: 250
- Status: announced
- Products: flexible composite materials, tensioned architecture fabrics, modular structures, digital printing canvases
- Sectors: [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [Jagenberg AG](https://endata.com/companies/5475.md) (partner)
- [Verseidag-Indutex](https://endata.com/companies/48722.md) (target)
- [Serge Ferrari](https://endata.com/companies/51247.md) (acquirer)

## Sources

- [lemag-ic.fr](https://www.lemag-ic.fr/ic-fab/serge-ferrari-acquisition-verseidag-indutex/), 2020-11-16: "Le groupe français a annoncé, début octobre, l’acquisition de la société Verseidag-Indutex auprès du groupe allemand Jagenberg AG."

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