The company stated that it is confident all necessary approvals will be obtained for the acquisition to be completed in the fourth quarter of 2025.
New Divisions and Management Team
The existing Machines & Systems and After Sales divisions have been merged to form the new “Short-Staple Fiber” Division, which will be led by Alexander Özbahadir. The “Components and Technology” Division will be headed by Roger Albrecht.
Upon the closing of the Barmag acquisition, the “Man-Made Fiber” Division will be integrated into the Rieter Group, with Georg Stausberg taking charge of the division.
Strategic Goal: A More Agile and Customer-Centric Structure
Rieter stated that the new organizational structure aims to strengthen technology leadership, enhance customer focus, and create synergy across the business.
In response to weak market conditions, the company is implementing additional cost-saving measures, including adjusting production capacity, simplifying supply chains, and reducing overhead functions. The one-time costs, estimated at around CHF 30–35 million, are expected to generate annual savings of approximately CHF 30 million.
