Rieter Holding AG’s Acquisition of Saurer Netherlands Machinery Company B.V.

CMS has advised Rieter Holding AG on the deal. Hogan Lovells has acted as legal counsel to Saurer.

Rieter Holding AG completed the acquisition of 57% of the shares in the capital of Saurer Netherlands Machinery Company B.V. The transaction value amounts to EUR 300 million.

As part of this transaction, the parties have agreed that three business units will be unbundled from the Saurer business and subsequently transferred to Rieter. Upon completion of the unbundling, Rieter will transfer its 57% shareholding back to Saurer. The unbundling is expected to be completed within six to nine months.

Rieter and Saurer are active in the field of developing and manufacturing machinery, systems and components used in fiber processing and yarn spinning. With the acquisition of the first business unit, Rieter will complete the offering of ring- and compact spinning systems. The other two businesses are engaged in the development of elastomer components for spinning machines and bearing solutions for filament machines.

In total, the three business units had a combined turnover of EUR 142 million in 2020, the year of the COVID crisis. In 2019 and 2018, the total combined turnover was at a level of EUR 235 million and EUR 260 million, respectively.

The CMS team that has advised Rieter on this transaction was spread across CMS offices in the Netherlands, Germany, Austria, Switzerland and China and consisted of Reinout Slot, Dex Destombes, Anton Louwinger, Herman Boersen, Erik Vorst, Martijn van der Bie, Etienne Courbois, Jonathan van Ee, Martin Bell, Tobias Kilian, Tobias Schneider (Picture), Luise Uhl-Ludäscher, Joachim Kühne, David Hürlimann, Patrick Sommer, Matthias Kuert, Alina Fancelli, Marie-Christine Lidl, Vera Zhang and Roxie Meng.

Involved fees earner: Vera Zhang – CMS Cameron McKenna Nabarro Olswang LLP; Roxie Meng – CMS China; Herman Boersen – CMS Derks Star Busmann; Dex Destombes – CMS Derks Star Busmann; Anton Louwinger – CMS Derks Star Busmann; Reinout Slot – CMS Derks Star Busmann; Martijn van der Bie – CMS Derks Star Busmann; Erik Vorst – CMS Derks Star Busmann; Tobias Kilian – CMS Hasche Sigle; Joachim Kühne – CMS Hasche Sigle; Tobias Schneider – CMS Hasche Sigle; Luise Uhl-Ludäscher – CMS Hasche Sigle; Marie-Christine Lidl – CMS Reich-Rohrwig Hainz; Alina Fancelli – CMS von Erlach Poncet AG; David Hürlimann – CMS von Erlach Poncet AG; Matthias Kuert – CMS von Erlach Poncet AG; Patrick Sommer – CMS von Erlach Poncet AG;

Law Firms: CMS Cameron McKenna Nabarro Olswang LLP; CMS China; CMS Derks Star Busmann; CMS Hasche Sigle; CMS Reich-Rohrwig Hainz; CMS von Erlach Poncet AG;

Clients: Rieter Holding;

Federica Tiefenthaler

Author: Federica Tiefenthaler