Zurich - Rieter Holding AG, headquartered in Winterthur (Switzerland), announced today the acquisition of the SSM Textile Machinery division (SSM) from Schweiter Technologies AG (Switzerland) at a purchase price of CHF 124.2 million effective 30 June 2017. Rieter Holding AG and Schweiter Technologies AG are both listed on the principal Swiss stock exchange (SIX Swiss Exchange).
SSM is the world's leading supplier of precision winding machines in the fields of dyeing, weaving and sewing thread preparation and is successful in individual segments of filament yarn production. The SSM division includes SSM Schärer Mettler AG in Horgen and its subsidiaries in Italy and China with a total of 246 employees. SSM is represented worldwide with twelve of its own service stations and 80 agents in all major markets.
An international team of CMS Switzerland, Italy and China under the lead of Dr Daniel Jenny (CMS Switzerland) has advised Rieter on all matters of the transaction. CMS shows again its strong expertise in complex cross-border transactions.
Dr Daniel Jenny, Lead Partner, Corporate / M&A
Dr Patrick Sommer, Partner, Competition
Andrea Ferchl, Associate, Corporate / M&A
Stipe Jozic, Associate, Corporate / M&A
Marion Wyler, Associate, Competition
Seraina Kihm, Associate, Real Estate
Alexandra Stocker, Trainee, Corporate / M&A
Pietro Cavasola, Partner, Corporate / M&A
Rosida Carpagnano, Counsel, Corporate / M&A
Marco Casasole, Partner, Real Estate
Dr Ulricke Glück, Partner, Corporate / M&A
Jeanette Yu, Counsel, Employment & Pensions
Lingyun Rao, Associate, Real Estate
Jie Lin, Associate, Corporate / M&A and Competition