Vandewiele to acquire Savio Group from Alpha.

Vandewiele, a company that develops, builds, assembles and installs carpet, velvet weaving machines, agreed to acquire Savio Group, a company operating in the yarn finishing sector, from Alpha, a private equity firm. Financial terms were not disclosed. “We are extremely proud to welcome the Savio Group with its strong tradition and technology in our Group. The joining of our technological capabilities, R&D and industrial operations will allow us to grow strongly in the next few years," Charles Beauduin, Vandewiele CEO.