Chinese group acquires Italian company COMELZ
The acquisition of the historic Italian company by the Chinese group was formally completed after mid-2026.
The value of the operation was closed at approximately 140 million euros.
Thus, Jack Technology acquired 100% of the shares, which were mainly held by the Italian private investment fund NB Renaissance, which had owned the majority stake since 2017, after purchasing it from the founding Zorzolo family.
The acquisition was made through Bullmer Italia S.r.l., a company controlled by Topcut-Bullmer, the German subsidiary already owned by Jack. It required approval from the Italian government under the “Golden Power” regulatory safeguard mechanism.
COMELZ S.p.A. -founded in Vigevano in 1943- is a global benchmark in automatic numerical-control cutting machinery, CAD/CAM software and AI-powered leather inspection for footwear and leather goods. The group includes CAMOGA -acquired in 2018, a leader in splitting machines- and DEVELER -software and hardware development-. In 2024, it recorded revenue of 53.6 million euros, with a workforce of 190 employees.
JACK TECHNOLOGY, based in Taizhou and listed in Shenzhen, is one of the world’s largest manufacturers of apparel manufacturing and industrial sewing machinery. It had previously acquired European brands such as Germany’s Bullmer and Italy’s Vi.Be.Mac. and Maica.