Bursa, Türkiye / Cologne, Germany - [2 October 2024] - Elektroteks, the world's largest mattress and foam machinery manufacturer, is proud to announce its acquisition of 100% of the shares of Mammut (Nähmaschinenfabrik Emil Stutznäcker GmbH & Co KG), the leader in quilting machine manufacturer in the world. With over 140 years of history, Mammut is known for producing the highest quality quilting machines, setting the standard for precision and craftsmanship in the industry. The deal was officially closed on 23rd of September.
Elektroteks, headquartered in Bursa, Türkiye, is a family-owned company with a global presence in 133 countries. As the largest machinery producer for the mattress and foam industries, Elektroteks has built a reputation for innovation, customer satisfaction, and a robust global service network. With 350 employees and a cutting-edge 65,000 sqm production facility, the company continues to deliver industry-leading solutions.
Mammut, based in Cologne, Germany, has been at the forefront of quilting technology for over a century, crafting the world's most precise quilting machines. Elektroteks is fully committed to preserving this heritage while infusing new energy and ideas into the Mammut brand.
Michael Pavlidis will remain as Managing Director of Mammut, ensuring continuity and leadership during this exciting new chapter. His expertise and dedication will be crucial in steering the company through upcoming projects and innovations.
Serkan Guler, CEO of Elektroteks, stated: “This acquisition is a powerful combination of two industry leaders. We are honored to carry forward Mammut's legacy, the oldest and most respected name in quilting machines, and look forward to collaborating on new projects that will bring cutting-edge solutions to the market.”
As part of this integration, Elektroteks will expand Mammut's spare parts and service operations using its extensive global network. The headquarters and production of Mammut will remain in Germany, preserving its strong heritage. Exciting new projects are already in the pipeline, promising to further enhance Mammut's offerings in the quilting machinery industry.
Elektroteks' acquisition of Mammut heralds a new era of growth and innovation, leveraging the strengths of both companies to provide superior products and services to the global mattress and foam industries.
For more information, please contact:
info@elektroteks.com
sales@mammut.de