Yarn & Fiber
Rieter sells real estate in Ingolstadt
- Sale of real estate to GERCHGROUP AG
- Completion of the transaction in the third quarter of 2019
- Extraordinary profit contribution of around 60 million euros expected in 2019
The employees remaining in Ingolstadt will move into a new building in the second half of 2021. Rieter thus creates a modern working environment for innovative research and development work and the respective support functions.