Rieter strengthens components business through Graf Group acquisition
04 Oct '05
2 min read
Rieter will acquire the Graf Group retrospectively as of July 1, 2005.
With this acquisition Rieter will further augment its leading position as a supplier of technology components and will exploit the potential for innovation more effectively together with Graf.
The components sector is less exposed than the textile machinery business to the demand cycles characteristic of the industry and thus contributes to a more continuous trend of business.
Rieter is an internationally oriented technology group engaged in developing and producing sophisticated systems solutions for the textile and automotive industries.
In the 2004 financial year Rieter generated sales of 3,171 million CHF with some 13,500 employees worldwide. The Textile
Systems Division accounted for 1,176 million CHF and the Automotive Systems Division for 1,979 million CHF of this total.
marketing@alchempro.com
