Dogi pursues its growth strategy with the acquisition of QTT

- The incorporation of QTT strengthens the design and production division in Grupo Dogi’s pronto-moda segment, besides giving access to the Italian market.

- QTT is a company engaged in fabric manufacturing for outwear fashion with an outstanding presence in Spain, Italy, Portugal and the United States.

- Over the coming months, DOGI will continue to bet on growth to keep developing its strategic plan 2020, which is based on three lines: acquisitions in new sectors, acquisitions in existing sectors and operational improvement.

DOGI takes a step forward in its Strategic Plan that implies becoming a big industrial group of the textile industry, operating in various segments of the sector. To meet this objective, the company has completed the acquisition of QTT, a company engaged in the design and production of outwear fashion fabrics with a presence in Spain, Italy, Portugal and the United States.

The investment announced today allows DOGI to enhance its design and production segment for the textile sector, which will consolidate its relationships with clients and diversify its income sources both from a business and geographical point of view.

QTT was founded in 1993 and has focused its activity on design, manufacturing and distribution of finished knit fabrics. It is present in Spain, Italy, the United States and Portugal and has a broad and varied fabrics collection. Over its almost 25 years’ track record in the sector, QTT’s work philosophy has been based on a constant research for and development of innovative products in line with the trends of the young fashion sub-sector at each moment.

QTT management team will remain in charge of the company’s day-to-day management and Martí Puignou, founder and current CEO, will continue to be QTT’s top executive.

In 2016, QTT has achieved a consolidated turnover of € 16.1 million and an operating EBITDA of around € 1 million. This acquisition will yield significant operative and commercial synergies to Grupo Dogi, consolidating the division created upon Treiss acquisition last summer in August. These synergies will enable to increase the acquisition's EBITDA by more than 50% in the short term.

Growth through Acquisitions

QTT acquisition falls within the framework of DOGI’s announced strategy to create a relevant textile group through acquisitions as well as organic growth. QTT acquisition boosts considerably the design and production business unit for major fashion chains created upon Reiss acquisition in August last year.