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M&A Deal Summary

Textile Solutions Group Acquires Datatex

On September 16, 2023, Textile Solutions Group acquired information technology company Datatex

Acquisition Highlights
  • This is Textile Solutions Group’s 2nd transaction in the Information Technology sector.
  • This is Textile Solutions Group’s 1st transaction in Italy.

M&A Deal Summary
Date 2023-09-16
Target Datatex
Sector Information Technology
Buyer(s) Textile Solutions Group
Deal Type Add-on Acquisition

Target

Datatex

Milan, Italy
Datatex is a provider of ERP solutions for the textile and apparel industry and is the developer of the NOW suite of solutions, the most widely used vertical ERP system within the global industry. Datatex is based in Milan, Italy.

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Buyer(S) 1

Buyer

Textile Solutions Group

Germany
Category Company
Sector Information Technology
DESCRIPTION

Textile Solutions Group specializes in IT solutions for the textile sector.

DEAL STATS #
Overall 2 of 2
Sector: Information Technology M&A 2 of 2
Type: Add-on Acquisition M&A Deals 2 of 2
Country: Italy M&A 1 of 1
Year: 2023 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-16 SETEX

Mengerskirchen, Germany

SETEX engages in production of control systems and Manufacturing Execution Software (MES) provider for textile machines. The Orga-TEX production management system and the robust Human Machine Interfaces (HMIs) are installed at textile manufacturers worldwide and form the premium standard in the industry. SETEX was founded in 1993 and is based in Mengerskirchen, Germany.

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