Lässer Holding AG Buys Saurer's Embroidery Biz

04 March 2022, Mumbai:

According to the company's news release. "We are convinced that Lässer will lead the industry to long-term success with the newly merged knowledge." 

"With this step, we feel we have found the greatest option for both our customers and staff," said Saurer Intelligent Technology AG's Anton Kehl, adding, "While this choice was not easy for us, we are optimistic about the future of the shuttle embroidery market in this new configuration."

Lässer has its headquarters and manufacturing facilities in Diepoldsau, as well as 12 other locations across the world, including Turkey, India, and Thailand.

ALSO READ: Saurer hires new CEO, Uwe Rondé

"As a proud Swiss firm, it made sense for us to join forces with another well-known name in the industry," Franz Lässer, Co-owner, and Chairman of the Board of Directors of Lässer Holding AG, said.

We are combining almost two centuries of experience with this move, and we look forward to continuing to amaze our clients throughout the world with creative advances."

RELATED ARTICLE: ITALIAN TEXTILE MACHINERY: ORDERS GROW AGAIN IN 2021 FOURTH QUARTER

Join our community on Linkedin 

*CREDITS: Innovationintextile & Apparel Resources.