The shuttle embroidery machine manufacturer Lässer acquires Saurer's embroidery division. This step represents a consolidation of the 2 market leaders in the production of shuttle embroidery machines. All assets and contracts allocated to the embroidery business of Saurer Intelligent Technology AG, Arbon/Switzerland, will be transferred to Lässer Holding AG, Diepoldsau/Switzerland. The transfer of operations is expected to be completed by the end of May 2022. The majority of the employees will be taken over.
Lässer was founded in 1954 as a family business and now has more than 12 locations worldwide, including in Turkey, India and Thailand. Saurer developed the first shuttle embroidery machine back in 1878.
»As a proud Swiss company, it made sense for us to join forces with another well-known name in the industry. With this step, we are pooling more than 2 centuries of knowledge and look forward to continuing to inspire our customers around the world with innovative developments.«