# SMT acquires Nuova Nicol for EUR 6 million

Società Manifattura Tessile (SMT), part of the Pattern Group, has acquired 100% of Nuova Nicol, a luxury knitwear manufacturer based in Calderara di Reno, Bologna, for EUR 6 million. The acquisition adds Nuova Nicol's 20 employees and expertise in women's knitwear to SMT's operations.

- Type: Acquisition
- Announced: 2023-01-27
- Where: Calderara di Reno, Bologna, Italy
- Value: $6.50M (6.00M EUR)
- Status: completed
- Products: luxury knitwear
- Sectors: [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [Società Manifattura Tessile](https://endata.com/companies/68141.md) (acquirer)
- [Nuova Nicol](https://endata.com/companies/68142.md) (target)
- [Pattern Group](https://endata.com/companies/68143.md) (investor)

## Sources

- [reggionline.com](https://www.reggionline.com/nasce-la-knitwear-valley-primo-polo-emiliano-della-maglieria-lusso/), 2023-01-27: "Siamo molto felici di annunciare il consolidamento del nostro progetto"

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