Alantra advised Rieter on the acquisition of SSM Textile Machinery Division from Schweiter Technologies for CHF 124m

Mar 2017

Buy-side advisory

Alantra advised Rieter, a world leading textile machinery manufacturer listed on the Swiss stock exchange with a market cap of CHF 1bn, on the acquisition of SSM, the textile machinery division of Swiss stock listed Schweiter Technology Group with a market cap of CHF 1.8bn, for a consideration amount of CHF 124m.

SSM is the world’s leading supplier of precision winding machines in the fields of dyeing, weaving and sewing thread preparation and enjoys success in individual segments of filament yarn production. In 2016, SSM generated net sales of CHF 85.9m with 246 employees and achieved an EBITDA margin of 14.8%.

With this acquisition Rieter is investing in adjacent fields of the textile value chain and it strengthens its expertise in the winding technology. SSM has a strong brand and it will generate Rieter stable cash flows with an attractive EBITDA margin.