A historic German engineering and knitting machine manufacturer, Stoll, has been purchased by the Chinese group Cixing. The acquisition marks the end of an era for the 150-year-old company, founded in 1873 and based in Reutlingen. Stoll has been a prominent figure in the German industrial landscape for over a century and a half. The deal signifies a shift in ownership and potentially a restructuring of the company’s operations. Details of the financial terms were not immediately disclosed. This acquisition is the latest in a series of Chinese investments in European manufacturing. The transaction was reported by t-online.de.
