VIC, Spain — Industrial laundry equipment manufacturer Girbau, based here, reports it has signed an agreement to acquire 100% of FINTEC Textilpflegesysteme GmbH, a German company specializing in developing and manufacturing textile finishing, folding, sorting, and internal transport systems. 

Terms of the deal were not disclosed. The acquisition becomes effective Jan. 1.

The transaction is part of Girbau’s growth strategy and will expand its range of complete solutions for industrial laundries. Fintec’s technology, systems, and expertise will increase the share of proprietary products in industrial projects and improve integration between the different stages of the laundry process. 

Girbau also aims to further strengthen its service to end customers with an offering that combines proximity and excellence.

“Fintec represents a major leap forward in our value proposition, vertically integrating the design, manufacture and marketing of garment solutions,” says Martí Giralt, CEO of Girbau.

Girbau and Fintec have worked together for more than 20 years, and the German company’s solutions were already part of Girbau’s industrial portfolio. The transaction takes this relationship a step further and strengthens the technological and service capabilities that both companies offer the market, Girbau says.

Fintec will continue to operate as usual with the same team of professionals, while gaining greater capacity for growth as part of Girbau.

“This transaction enables us to ensure the continuity of the expertise and solutions developed by Fintec, while opening a new chapter with greater industrial capacity and international reach,” says Claudia Pollauf, managing director of Fintec.

With this acquisition, Girbau reinforces its growth plan and its ability to support laundries comprehensively in their projects, with more proprietary technology and a more complete end-to-end offering.