# Gruppo Piacenza acquires Arte Tessile

Gruppo Piacenza acquired Arte Tessile Snc, a specialist in jacquard and raschel textile patternmaking based in Busto Arsizio, Italy. Financial terms were not disclosed.

- Type: Acquisition
- Announced: 2022-12-16
- Where: Busto Arsizio, Lombardy, Italy
- Status: completed
- Products: jacquard and raschel textiles
- Sectors: [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [Gruppo Piacenza](https://endata.com/companies/67391.md) (acquirer)
- [Arte Tessile](https://endata.com/companies/67392.md) (target)

## Sources

- [wwd.com](https://wwd.com/business-news/mergers-acquisitions/gruppo-piacenza-acquisition-arte-tessile-1235451651/), 2022-12-16: "The acquisition will enable us to internalize this [textile-making] phase and be more creative and rapid, ensuring service continuity."

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