Home / News / CMS advised Rieter on the acquisition of three businesses...

CMS advised Rieter on the acquisition of three businesses from Saurer

CMS has advised Rieter Holding AG in connection with its acquisition of 57% of the shares in the capital of Saurer Netherlands Machinery Company B.V. The transaction value amounts to EUR 300 million. As part of this transaction, the parties have agreed that three business units will be unbundled from the Saurer business and subsequently transferred to Rieter. Upon completion of the unbundling, Rieter will transfer its 57% shareholding back to Saurer. The unbundling is expected to be completed within six to nine months.

Rieter and Saurer are active in the field of developing and manufacturing machinery, systems and components used in fiber processing and yarn spinning. With the acquisition of the first business unit, Rieter will complete the offering of ring- and compact spinning systems. The other two businesses are engaged in the development of elastomer components for spinning machines and bearing solutions for filament machines.

In total, the three business units had a combined turnover of EUR 142 million in 2020, the year of the COVID crisis. In 2019 and 2018, the total combined turnover was at a level of EUR 235 million and EUR 260 million, respectively.

The CMS team that has advised Rieter on this transaction was spread across CMS offices in the Netherlands, Germany, Austria, Switzerland and China and consisted of Reinout Slot, Dex Destombes, Anton Louwinger, Herman Boersen, Erik Vorst, Martijn van der Bie, Etienne Courbois, Jonathan van Ee, Martin Bell, Tobias Kilian, Tobias Schneider, Luise Uhl-Ludäscher, Joachim Kühne, David Hürlimann, Patrick Sommer, Matthias Kuert, Alina Fancelli, Marie-Christine Lidl, Vera Zhang and Roxie Meng.

Hogan Lovells has acted as legal counsel to Saurer.

Related people

Portrait ofReinout Slot
Reinout Slot
Partner
Amsterdam
Portrait ofDex Destombes
Dex Destombes
Advocaat
Amsterdam
Portrait ofAnton Louwinger
Anton Louwinger
Partner
Amsterdam
Portrait ofHerman Boersen
Herman Boersen
Partner
Amsterdam
Portrait ofErik Vorst
Erik Vorst
Managing Partner
Amsterdam
Portrait ofMartijn Bie
Martijn van der Bie
Partner
Amsterdam
Portrait ofTobias Kilian
Dr. Tobias Kilian
Of Counsel
Frankfurt
Portrait ofTobias Schneider
Tobias Schneider
Partner
Stuttgart
Portrait ofLuise Uhl-Ludäscher
Luise Uhl-Ludäscher, Dipl.-Ökonomin, Dipl.-Finanzwirtin (FH)
Principal Counsel
Stuttgart
Portrait ofJoachim Kühne
Joachim Kühne
Partner
Frankfurt
Portrait ofDavid Hürlimann
David Hürlimann
Managing Partner
Zurich
Portrait ofPatrick Sommer
Dr Patrick Sommer, H.E.E.
Partner
Zurich
Portrait ofMatthias Kuert
Dr Matthias Kuert, LL.M.
Partner
Zurich
Portrait ofAlina Fancelli
Alina Fancelli
Associate
Zurich
Portrait ofMarie-Christine Lidl
Marie-Christine Lidl
Lawyer
Vienna
Portrait ofRoxie Meng
Roxie Meng
Senior Associate
Beijing
Show more Show less