ITL Group Agrees to Acquire Rudholm Group and Bamatex
The acquisition strengthens ITL’s ability to help brands, retailers and manufacturers navigate an increasingly complex global supply chain.
ITL Group has agreed to acquire Rudholm Group and Bamatex, marking another important step in its strategy to strengthen the support it provides to brands, retailers and manufacturers worldwide.
As customer expectations continue to evolve, with increasing demands for transparency, traceability, compliance and digital connectivity across increasingly complex global supply chains, ITL continues to invest in the capabilities, expertise and partnerships required to help customers succeed.
The acquisition brings together three highly complementary businesses, combining Rudholm’s established customer relationships, product expertise and international network with ITL’s vertically integrated manufacturing platform, RFID capabilities and digital product solutions. Bamatex further strengthens the combined Group with specialist production capabilities across heat transfers, woven labels, embroidery, reflective products and imitation leather.
Rudholm operates in 12 countries, with 20 offices and 9 production hubs. ITL operates a wholly owned global production and service network spanning 20 locations, providing apparel labelling, packaging, RFID and digital supply chain solutions to many of the world’s leading brands, retailers and manufacturers.
Together, the combined Group will be better positioned to help customers respond to changing market demands by providing:
- A broader range of products and services
- Greater access to owned manufacturing
- Wider international support
- Expanded RFID and digital product capabilities
- Improved supply chain visibility, traceability and consistency
Following completion, Rudholm will continue to operate under its established brand, maintaining its customer relationships and market presence within ITL Group. Dennis Lau will continue as CEO, supported by the existing management team.
As part of the transaction, Jonas Wollin and Dennis Lau will reinvest in ITL Group, with Jonas joining the ITL Board and continuing to play an active role in strategic customer relationships and market development.
Neil Henderson, Group CEO of ITL Group, said: “This acquisition reflects our continued commitment to investing in the capabilities, expertise and partnerships that help our customers succeed. Rudholm and Bamatex are outstanding businesses that have built strong reputations through customer focus, deep market expertise and a commitment to long-term relationships. Together, we’re strengthening our ability to support brands, retailers and manufacturers with broader capabilities, greater global reach and continued innovation as their needs continue to evolve.
Just as importantly, we’re bringing together organisations that share similar values, a long-term perspective and a belief that lasting partnerships are built through trust, expertise and delivering for customers every day.”
Dennis Lau, CEO of Rudholm Group, said: “Over many years, we have built Rudholm around our customers, our people and long-term relationships. As our industry evolves, we wanted a partner able to strengthen what we offer while sharing our values and long-term commitment. ITL brings greater manufacturing capability, deeper RFID and digital expertise, and broader global reach, while allowing Rudholm to remain close to our customers and preserve the flexibility, responsiveness and service they know and trust. I am excited about what we will achieve together.”
Jonas Wollin, Founder and Chairman of Rudholm Group, said: “Rudholm has been a defining part of my professional life, and I couldn’t be prouder of what our people have built over the years. Finding the right long-term partner was never just about scale; it was about finding an organisation that respects our culture,
values our relationships and shares our ambition for the future. I believe ITL is that partner, and I look forward to remaining actively involved as a member of the ITL Board while continuing to support our customers and the future development of the business.”
Completion of the Transaction is conditional upon clearance under the Swedish Foreign Direct Investment Act (Sw. lag (2023:560) om granskning av utländska direktinvesteringar) by the Swedish Inspectorate of Strategic Products (ISP). The parties expect the Transaction to close on September 1st, 2026, subject to receipt of such clearance.
