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#Spinning

Saurer sells Accotex, Temco and Autoconer businesses to Rieter

On 13 August 2021, Saurer Intelligent Technology Co. Ltd (listed in Shanghai, China) and Rieter Holding AG (Winterthur, Switzerland) signed an agreement with Rieter to acquire the Accotex and Temco businesses from Saurer Technologies GmbH & Co. KG and the Autoconer machine business from Saurer Spinning Solutions GmbH & Co. KG. with a purchase price of EUR 300 million.

On 17 August 2021, the preliminary insolvency proceedings involving two of the German entities of Saurer were terminated.

The purchase price for the three businesses is EUR 300 million on a cash and debt-free basis.

As a transition to the transaction, Rieter will acquire 57% of the shares of Saurer Netherlands Machinery Company B.V. (Amsterdam, Netherlands), the mother company of the two German entities and this deal is expected to be completed in August. The above shares acquired by Rieter will be returned to Saurer after the implementation of the transaction in six months.

In connection with the transaction, it is envisaged that Rieter will supply automatic winders to Saurer in the future.

For Saurer, this transaction is an important step for the company to further develop and achieve strategic transformation in the new environment.


Saurer Autonomer X6 (c) 2021 Saurer
Saurer Autonomer X6 (c) 2021 Saurer


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#Research & Development

Textilfabrik 7.0 launched: Mönchengladbach becomes a real-world lab for sustainable textile production

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#Techtextil 2026

Future ready nonwovens and fiber processing solutions – Meet Trützschler at Techtextil 2026

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#Recycling / Circular Economy

Europe needs tipping point to scale textile-to-textile recycling, BCG and ReHubs say

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#Digital Printing

Former ASOS CEO Nick Beighton joins Kornit Digital to help shape the future of on-demand fashion

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#Spinning

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#Techtextil 2026

DIENES at Techtextil 2026: Flexible pilot lines for bio-based fiber development

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#Techtextil 2026

RETECH showcases high-precision godets for high-performance fiber processing at Techtextil 2026

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#Spinning

Barmag presents the next generation of POY production – energy-efficient and partial-automated

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#Techtextil 2026

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#Europe

Commission presents proposal for EU Inc. - unlocking the full potential of the Single Market for Europe's entrepreneurs

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#Man-Made Fibers

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#Sustainability

Experts publish APAC policy priorities

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