Related Keywords: from Schweiter Technologies AG, offers opportunities for Rieter, positive impact on earnings per share, Rieter acquired the SSM Textile Machinery division, Rieter investing in adjacent fields of textile value chain, segments of filament yarn production, short staple spinning machines, SSMs expertise in field of precision winding
Rieter acquired the SSM Textile Machinery division (SSM) from Schweiter Technologies AG, Horgen, Switzerland. With this acquisition, Rieter is investing in adjacent fields of the textile value chain.
SSM’s expertise in the field of precision winding offers opportunities for Rieter in the business with short-staple spinning machines. Rieter will continue to operate SSM in its current form and with the existing management. The business will be attached to the Business Group Components as an independent unit.
