Rieter to acquire Barmag for CHF 713 million, expands into manmade fiber spinning

Switzerland-based Rieter has signed a definitive agreement to acquire Barmag from OC Oerlikon for CHF 713 million, marking a major expansion into manmade fiber technology. The deal will position Rieter as a global leader in both natural and synthetic fiber machinery, complementing its existing short-staple fiber business.

Barmag, which includes Oerlikon Barmag, Oerlikon Neumag and Oerlikon Nonwoven, generated CHF 734 million in sales in 2024 and employs around 2,600 people. The company develops filament spinning systems, texturing machines, BCF systems, and nonwovens solutions. Its key markets include China, India, Turkiye, and the US.

As global fiber demand increasingly shifts toward manmade fibers, this acquisition gives Rieter access to Barmag’s expertise in high-growth segments. The combined portfolio will allow Rieter to diversify across end-markets, reduce cyclicality, and expand its presence in the Asia-Pacific region.

The CHF 850 million enterprise value includes a potential earn-out based on performance through 2028. The acquisition is backed by a CHF 477 million equity raise and bridge financing. Rieter’s largest shareholders, PCS Holding and Martin Haefner, support the deal and will participate in the capital increase. The transaction is expected to close in Q4 2025, subject to regulatory approvals.