# Pattern subsidiary SMT acquires Umbria Verde Mattioli for 20 million euros

Umbria Verde Mattioli shareholders signed a binding agreement to sell 100% of the capital to Società Manifattura Tessile S.r.l. (SMT), a subsidiary of Pattern S.p.A., for a price of 20 million euros. The closing is expected by June 2024.

- Type: Acquisition
- Announced: 2024-05-30
- Where: Perugia, Italy, Italy
- Value: $21.7M (20.0M EUR)
- Status: announced
- Products: thin and super thin luxury knitwear
- Sectors: [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [SMT](https://endata.com/companies/61563.md) (acquirer)
- [Società Manifattura Tessile](https://endata.com/companies/68141.md) (acquirer)
- [Pattern Group](https://endata.com/companies/68143.md) (acquirer)
- [Umbria Verde Mattioli](https://endata.com/companies/77760.md) (target)

## Sources

- [scoutingadvisors.com](https://www.scoutingadvisors.com/en/operations/scouting-capital-advisors-assists-umbria-verde-mattioli-in-the-entry-of-patterns-in-its-capital/), 2024-05-31: "Umbria Verde Mattioli S.r.l. (UVM), an Umbrian company specialising in the production, processing and marketing of thin and super thin luxury knitwear in Italy and abroad, today signed a binding agreement for the sale of its entire capital to Società Manifattura Tessile S.r.l. (SMT), a subsidiary of"
- [perugiaonline.net](http://www.perugiaonline.net/pattern-group-acquista-umbria-verde-mattioli/), 2024-06-01: "L’ingresso della famiglia Mattioli nel nostro gruppo, tramite il maglificio Umbria verde Mattioli di Perugia, segna un ulteriore passaggio strategico di assoluta eccellenza tecnica."
- [scoutingadvisors.com](https://www.scoutingadvisors.com/en/scouting-capital-advisors-assists-umbria-verde-mattioli-in-the-entry-of-patterns-in-its-capital/), 2024-06-04: "Umbria Verde Mattioli S.r.l. (UVM), an Umbrian company specialising in the production, processing and marketing of thin and super thin luxury knitwear in Italy and abroad, today signed a binding agreement for the sale of its entire capital to Società Manifattura Tessile S.r.l."

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