# Vandewiele to acquire Savio Group from Alpha

Vandewiele agreed to acquire Savio Group, a company in the yarn finishing sector, from private equity firm Alpha. Financial terms were not disclosed.

- Type: Acquisition
- Announced: 2021-01-02
- Where: Italy
- Status: announced
- Products: carpet and velvet weaving machines, yarn finishing machinery
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Alpha Holdings](https://endata.com/companies/22149.md) (partner)
- [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

- [app.mergerlinks.com](https://app.mergerlinks.com/transactions/2021-01-02-savio-group/dealmakers), 2021-01-02: "We are extremely proud to welcome the Savio Group with its strong tradition and technology in our Group."
- [textilegence.com](https://www.textilegence.com/en/vandewiele-becomes-the-new-owner-of-savio/), 2021-02-10: "We are extremely proud to welcome the Savio Group with its strong tradition and technology in our Group."

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