# Rieter acquires three businesses from Saurer for EUR 300 million

Rieter Holding Ltd. signed an agreement to acquire the Schlafhorst automatic winder business, Accotex and Temco from Saurer Netherlands Machinery Company B.V. for EUR 300 million. Closing is expected in August 2021.

- Type: Acquisition
- Announced: 2021-08-16
- Where: Netherlands
- Value: $352.0M (300.0M EUR)
- Status: announced
- Products: automatic winders, elastomer components for spinning machines, bearing solutions for filament machines
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Rieter](https://endata.com/companies/17345.md) (acquirer)
- [Saurer Intelligent Technology Co., Ltd.](https://endata.com/companies/18084.md) (partner)
- [Saurer Netherlands Machinery Company](https://endata.com/companies/57120.md) (target)

## Sources

- [rieter.com](https://www.rieter.com/media/media-releases/newsdetail/rieter-acquires-three-businesses-from-saurer), 2021-08-16: "With this acquisition, Rieter will complete the offering of ring- and compact spinning systems by acquiring the Schlafhorst automatic winder business."
- [worldoftechnicaltextile.com](https://worldoftechnicaltextile.com/rieter-acquires-three-businesses-from-saurer/), 2021-08-16: "With this acquisition, Rieter will complete the offering of ring- and compact spinning systems by acquiring the Schlafhorst automatic winder business."

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