Finally the much awaited official merger of two knitting technology leaders – Karl Mayer and Stoll – got completed on 1 July 2020.
It’s worth recalling here that Karl Mayer signed a contract on 26 February this year to acquire Stoll and add flat knitting technology to its portfolio.
This official merger has now made Karl Mayer a complete company equipped with warp knitting technology, flat knitting technology, warp preparation for weaving as well as technical textiles under one roof.
Karl Mayer (2,300) and Stoll (1,000) will now collectively have around 3,300 employees worldwide. Stoll will continue to function as an autonomous business unit within Karl Mayer Group, while Karl Mayer will use strong management of Stoll to escalate its business activities.
Andreas Schellhammer, CEO, Stoll has now been migrated as President of Stoll Business Unit and will take up his responsibilities within the Karl Mayer Group.
Both the companies are now looking forward to increase value addition in order to attain more know-how protection, flexibility and quick delivery to market.
Furthermore, it is also informed officially that the components from the production will be used all across the Group, wherever possible, and Stoll’s Chinese facility will also be integrated to and the manufacture of the Stoll machines in China will be integrated into Karl Mayer’s Changzhou-based unit which has a surface area of 90,000 square metres.
This Chinese unit of Karl Mayer is said to be perfect location to let Stoll continue its high-quality machine production, despite ongoing trouble caused by COVID-19 pandemic. “The teams from Karl Mayer and Stoll are following schedule and cooperating closely with each other,” said Andreas Schellhammer.
Markedly, the contact persons for the customers of both the companies will remain the same.
This will help the Chinese customers to rely on the organisational resources of the Chinese unit of Karl Mayer in terms of service support and spare parts.
Since the production of spare parts is done in-house, storage of the same is carried in large quantities and dispatched directly from China to serve the Chinese customers, ensuring shortest possible delivery time.
The Group also plans to ride high on digitalisation which can benefit the entire value chain. Karl Mayer’s agile software startup – KM.ON – works on cloud-based concepts and utilises artificial intelligence to offer completely different digital solutions. “Stoll offers many years of experience in the software section and it is now possible to accelerate digital product developments together,” stated official release.