# Rieter acquires Schweiter's textile machinery division for CHF 125 million

Rieter is acquiring the textile machinery division of Schweiter for nearly 125 million Swiss francs.

- Type: Acquisition
- Announced: 2017-07-03
- Where: Switzerland
- Value: $130.0M (125.0M CHF)
- Status: announced
- Products: textile machinery
- Sectors: [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [Rieter](https://endata.com/companies/17345.md) (acquirer)
- [Schweiter](https://endata.com/companies/17346.md) (target)

## Sources

- [laliberte.ch](https://www.laliberte.ch/articles/rieter-reprend-la-division-de-machines-textiles-de-schweiter-514687), 2017-07-03: "Rieter s'empare d'une division de Schweiter pour près de 125 millions de francs."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.