Rieter: Acquisition of the 3 Saurer businesse...

Acquisition of the 3 Saurer businesses completed

(Source: Rieter)
(Source: Rieter)

The acquisition of the automatic winding technology of Saurer at the Uebach-Palenberg/Germany site completes Rieter’s ring and compact-spinning system and thus lays the foundation to further improve the company’s position in the largest staple fiber market segment. Effective April 1, 2022, Rieter Holding Ltd., Winterthur/Switzerland has completed the acquisition of the 3 businesses from Saurer Netherlands Machinery Company BV, Amsterdam/Netherlands, the parent company of Saurer Spinning Solutions GmbH & Co. KG, Uebach-Palenberg, and Saurer Technologies GmbH & Co. KG, Krefeld/Germany.
The components businesses Accotex (elastomer technology for spinning machines) at the Münster/Germany site and Temco (technology components for filament machines) at the Hammelburg/Germany site had already been acquired by Rieter as of December 1, 2021.
In total, the 3 businesses generated sales of € 142 million in 2020, the year of the Covid 19 crisis. In 2019 and 2018, total sales amounted to € 235 million and € 260 million, respectively.
The winding machine business with new machines will be assigned to the Business Group Machines & Systems, and the after-sales business will be assigned to the Business Group After Sales. The Accotex and Temco component businesses are managed by the Business Group Components.

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