Reuters logo
BRIEF-Rieter buys SSM Textile Machinery division from Schweiter
July 3, 2017 / 4:56 AM / 5 months ago

BRIEF-Rieter buys SSM Textile Machinery division from Schweiter

July 3 (Reuters) - RIETER HOLDING AG:

* RIETER ACQUIRES THE SSM TEXTILE MACHINERY DIVISION FROM SCHWEITER

* PURCHASE PRICE AMOUNTS TO CHF 124.2 MILLION, CONSISTING OF ENTERPRISE VALUE OF CHF 100.0 MILLION AND LIQUID FUNDS.

* IS FINANCING THE PURCHASE PRICE FROM EXISTING FUNDS

* ACQUISITION WILL HAVE A POSITIVE IMPACT ON EARNINGS PER SHARE

* THE BUSINESS WILL BE ATTACHED TO THE BUSINESS GROUP COMPONENTS AS AN INDEPENDENT UNIT

* RIETER WILL CONTINUE TO OPERATE SSM IN ITS CURRENT FORM AND WITH THE EXISTING MANAGEMENT Source text - bit.ly/2tAm7DW Further company coverage: (Gdynia Newsroom)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below