# Datatex merges with SETEX to form Textile Solutions Group

Datatex, an Italian IT solutions provider for textiles, merged with German automation platform SETEX in September 2023 to form Textile Solutions Group GmbH, backed by investor Elvaston Capital.

- Type: Acquisition
- Announced: 2023-09-15
- Where: Germany
- Status: completed
- Products: IT software solutions for textile and apparel, ERP platforms, automation solutions
- Sectors: [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [Datatex](https://endata.com/companies/52707.md) (target)
- [Setex](https://endata.com/companies/72633.md) (acquirer)
- [Elvaston Capital Management](https://endata.com/companies/72634.md) (investor)
- [Textile Solutions Group](https://endata.com/companies/72641.md) (partner)
- [Textile Solution Group](https://endata.com/companies/72643.md) (partner)

## Sources

- [cbinsights.com](https://www.cbinsights.com/company/datatex), 2023-09-15: "In September 2023, Datatex merged with SETEX to form Textile Solutions Group."
- [apparelresources.com](https://apparelresources.com/technology-news/manufacturing-tech/datatex-setex-investor-elvaston-capital-launch-textile-solution-group-gmbh-new-holding-company/), 2023-09-16: "Datatex, a leading Milan-based IT solutions provider for the textile sector, has joined forces with Setex, a German automation solutions platform catering to textile manufacturers, to establish a new holding company – Textile Solution Group GmbH."

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