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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.
Saurer Intelligent Technology Co., Ltd. completed the acquisition of the remaining 5% stake in Zhuolang Intelligent Machinery Co., Ltd. from Shanghai Yongyun Huachuang Equity Investment Partnership Enterprise (LP) for approximately CNY 720 million. The deal was signed on November 29, 2017 and completed on December 29, 2017.