Datatex, a leading Milan-based IT solutions provider for the textile sector, has joined forces with Setex, a German automation solutions platform catering to textile manufacturers, to establish a new holding company – Textile Solution Group GmbH, focused on IT solutions for the textile industry.
This strategic move has been executed in collaboration with Elvaston Capital Management GmbH, an entrepreneurial technology investor holding a majority stake in Datatex. The objective of this collaboration is to position the group as the global benchmark for digital solutions in the textile and apparel sector, seamlessly integrating all aspects of manufacturing and business functions from fibre to garment.
Ronen Hagin, CEO of Datatex, expressed enthusiasm in a press statement, stating, “Datatex is thrilled to have a strong partner in the esteemed software investor Elvaston. We eagerly look forward to collaborating with Setex to strengthen our leadership position.”
On the other hand, Setex, whose owners and managers have committed to long-term contracts as managing directors within the larger group, aspire to attain higher efficiency, quality, cost savings, data insights, sustainability, and a competitive edge. CEO Oliver Schermuly, quoted the merger to enable industry leaders to better comply with the sustainability, traceability and Industry 4.0 requirements of the new industrial era.
Datatex aims to fortify its standing in an increasingly competitive market by accelerating the expansion and continuous improvement of their NOW ERP solution, currently the top-selling ERP solution in the global textile industry across 46 countries. Shareholders of Datatex, which include corporate and institutional leaders like Ronen Hagin and Vered Dotan, have shown confidence in Elvaston and their partnership with SETEX. They believe that having joined forces with innovators and investors like Setex and Elvaston, Datatex will achieve greater success in the future.
