Picanol NV’s Acquisition of Minority Stake in Rieter Holding AG

Homburger advised Picanol NV on the deal.

the diversified industrial group Picanol NV announced that it has acquired 10% of the share capital of Rieter Holding AG, the world’s leading supplier of systems for short-staple fiber spinning, for an aggregate purchase price of EUR 45.4 m.

With the financial participation in Rieter, Picanol wants to further diversify its activities in the textile industry and secure a stable shareholding for Rieter in the long term.

Rieter Holding AG. Rieter is the leading supplier on the world market for textile machinery, components and After Sales services for short staple fiber spinning.

Picanol Group is a diversified industrial group and it is active worldwide in the fields of mechanical engineering, agriculture, food, water management, the efficient (re)use of natural resources and other industrial markets. The company is based in Ieper (Belgium), with production plants in Asia and Europe. More than 7,000 employees work at Picanol Group worldwide.

The Homburger team comprised Dieter Gericke (Picture) and Marc Hanslin.

Involved fees earner: Dieter Gericke – Homburger; Marc Hanslin – Homburger;

Law Firms: Homburger;

Clients: Picanol Group;

Federica Tiefenthaler

Author: Federica Tiefenthaler