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Rieter buys Saurer’s three businesses for EUR 300 mn
Switzerland-based Rieter Holding Ltd and Shanghai (China) listed Saurer Intelligent Technology Co. Ltd have signed an agreement by which Rieter will acquire three businesses from Saurer Netherlands Machinery Company B.V. (Amsterdam/Netherlands), the parent company of Saurer Spinning Solutions GmbH & Co. KG, Uebach- Palenberg/Germany and Saurer Technologies GmbH & Co. KG (Krefeld/Germany).
Rieter acquires Saurer’s 3 businesses for EUR 300 mn
Rieter to dismiss two members of the Board of Directors - Luc Tack and Stefaan Haspeslagh - for violating the Rieter Code of Conduct. The Board of Directors will also file a criminal complaint against these two members.
ITMA ASIA + CITME 2020 on track for next June showing
Preparations for the seventh edition of ITMA ASIA + CITME are underway as scheduled. Following the completion of the stand allocation exercise, some 1,650 exhibitors have started to receive their certificate of admission and stand details from 14 December 2020.
Saurer’s highly-efficient FusionTwister
Saurer Twisting Solutions was delighted to welcome customers and visitors to Saurer’s stand D40 in Hall E1. The focus was on the highly efficient FusionTwister for staple fibre yarns.
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