en.Wedoany.com Reported - Ningbo Cixing Co., Ltd. (stock code: 300307), based in Ningbo, China, recently signed a strategic acquisition agreement in Frankfurt, Germany with representatives of the owner of the German STOLL brand, which has a history of over 150 years. Cixing will acquire selected core assets of the STOLL brand, a move seen as a key step in the company's international growth strategy, potentially impacting the global knitting machinery and high-end textile supply chain landscape.
Founded by Heinrich Stoll in 1873 in Reutlingen, Germany, STOLL has long been an industry benchmark in the global flat knitting machine sector. The company invented the world's first double-bed hand flat knitting machine and launched the first computerized flat knitting machine and the first professional pattern design system. Its CMS and ADF series computerized flat knitting machines, as well as the "Knit to Wear" and "Multi Gauge" technologies, are well-known in the industry. In industrial applications, STOLL's equipment is used in the production of car seat covers, medical bandages, high-performance shoe uppers for sports footwear, and three-dimensional fiber composite materials for the aerospace sector. Currently, approximately 130,000 modern STOLL flat knitting machines are in operation worldwide, and the brand once had branches, sales outlets, and service centers in over 100 countries.
Cixing Co., Ltd. possesses industrial manufacturing capabilities, a large-scale supply chain system, and a sales network in the global computerized flat knitting machine field. Following this acquisition, Cixing has defined three major strategic directions. First, it will deepen its presence in the high-end fashion and luxury supply chain, consolidating STOLL's advantages in the high-end market. Its "Fashion and Technology Center" provides in-depth support to global designers, and Cixing will offer more competitive cutting-edge knitting solutions for the high-end fashion industry. Second, it will expand into the technical textiles sector, planning to further develop high-growth application scenarios such as electronic skin for humanoid robots, smart wearable fabrics, and high-performance composite materials. Third, it will research and develop knitting robots for unmanned knitting factories, combining STOLL's process know-how with Cixing's experience in automation and intelligent manufacturing to jointly develop a new generation of intelligent knitting equipment, driving the evolution of knitting factories towards unmanned, dark factory operations.
Cixing Co., Ltd. stated that this strategic acquisition is not only an asset transaction but also a deep integration of technology, market, and talent between two industry benchmark brands. Cixing will fully respect the brand spirit and technological heritage of STOLL, leveraging its own manufacturing capabilities and global network to ensure that STOLL customers receive continuous, high-quality services and innovative products, allowing the STOLL brand, with its over 150-year history, to achieve new brilliance under new growth momentum.
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