Uster Technologies acquire Jossi Systems
Uster Technologies Ltd., the leading high technology systems manufacturer of products for quality measurement and certification for the textile industry, announces the acquisition of Jossi Systems AG to complement and strengthen its position as the world leader in yarn quality management.
Jossi Systems, based in Waengi, Switzerland, is a market leading producer of systems for cleaning cotton and removing contaminating material from cotton at the first stages of production in the spinning mill. Uster Technologies has acquired 100% of the shares of Jossi Systems AG, plus all intellectual property relating to the company, from Jossi Holding AG. All the current employees of Jossi Systems will be retained. The transaction was finalized for an undisclosed amount.
Dr. Geoffrey Scott, CEO of Uster Technologies, states: “Jossi is a long-standing company in the area of cotton cleaning and contamination removal. They have a fine reputation as a quality supplier and their products fit perfectly with USTER, complementing our existing product range. The problem of removing disturbing foreign matter from cotton is one of the major challenges faced by any quality-minded spinning mill. The combination of Jossi’s products with the USTER® QUANTUM 3 yarn clearer, and the deep knowledge that exists in our two companies, means that USTER can now offer a complete solution to customers to tackle this challenge.”
The acquisition of Jossi Systems strengthens Uster Technologies’ position as the worldwide leader and authority in yarn quality management, testing and certification. It gives customers the advantage of a ‘one-stop shop’ for tackling all the major challenges in optimizing their product quality, to control costs and improve their profitability. In addition, the strength of Uster Technologies’ distribution channels will give the opportunity to increase sales of Jossi products.
“We are very happy with Uster Technologies as the new owner of Jossi Systems”, says Mr. Armin Jossi, CEO of Jossi Holding AG. “We have known USTER for many years and they are respected as the leader in quality management in the textile industry. They have the right size, ambition and global presence to support the further development of Jossi Systems and to ensure a bright future for them in the industry.”
Divestment transaction management: CDI Global Geneva