Rieter has agreed to acquire Barmag for CHF 713 million to strengthen its position in the textile industry, particularly in the expanding market for manmade fibers.

Target Information

Barmag is a prominent global leader in the production of equipment for manmade fibers, anticipating sales of approximately CHF 734 million in the financial year 2024. The company employs around 2,600 individuals and boasts a comprehensive portfolio, which includes filament spinning systems, texturing machines, and engineering services along the textile value chain. Barmag's established brands include Oerlikon Barmag, Oerlikon Neumag, and Oerlikon Nonwoven, with its primary markets being China, India, Turkey, and the United States.

Barmag's innovative and technologically advanced products are developed across facilities located in Remscheid and Neumünster (Germany), as well as Suzhou and Wuxi (China). The company's extensive experience and product offerings position it as a critical player in addressing the escalating demand for manmade fibers within the textile industry.

Industry Overview in Switzerland

The Swiss textile industry has undergone significant transformation to remain competitive in a global context. While traditionally focused on natural fibers, there is a marked shift towards manmade fibers due to changi