Rieter is a producer of textile machinery based in

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History

Founded in 1795 by Johann Jacob Rieter (1762–1826), the company initially produced textile products. In 1806, as

Napoleon Napoleon Bonaparte (born Napoleone di Buonaparte; 15 August 1769 – 5 May 1821), later known by his regnal name Napoleon I, was a French general and statesman who rose to prominence during the French Revolution and led Military career ...

imposed the Continental Blockade to prevent trade between Continental Europe and the

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, it became impossible for Rieter to get spare parts for its British textile machinery. As a consequence, the company started to produce spare parts themselves, and in 1810 the first self-designed textile machine left its workshop. In 1982, Rieter acquired the British textile machinery company Ernest Scragg & Sons Ltd. The group took over Automatik (founded in 1947) in 1992. In 2011, the automotive products division, formerly Rieter Automotive, separated from Rieter and became a new corporation; Autoneum. The two Board Members of Rieter, Peter Spuhler and Michael Pieper, agreed to keep their shares in Autoneum for a certain agreed time period and to grant the new company a subordinated loan of 12.5 million CHF each. On 30 June 2017, Rieter acquired SSM Textile Machinery Division (SSM) from Schweiter Technologies AG, Horgen (Switzerland) which now functions under the Rieter Component division. SSM deals in yarn winding equipment. SSM was formed by the merger of Schärer, Schweiter and Mettler companies in 1989. SSM took over Giudici S.p.A., Galbiate, Italy in February 2012 which is involved in false-twist texturing field machinery (fine count Nylon yarns). SSM also has a subsidiary in Zhongshan, China under the name of SSM (Zhongshan) Ltd, which helps in sales/support/service operations and also handles, manufacturing & assembling of machines for asian markets In 2021, Rieter acquired three businesses from Saurer. On August 13, 2021, Rieter Holding Ltd., Winterthur (Switzerland), and Saurer Intelligent Technology Co. Ltd.,

Shanghai Shanghai, Shanghainese: , Standard Chinese pronunciation: is a direct-administered municipality and the most populous urban area in China. The city is located on the Chinese shoreline on the southern estuary of the Yangtze River, with the ...

(

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) listed and signed an agreement by which Rieter would acquire three businesses from Saurer Netherlands Machinery Company B.V., Amsterdam (Netherlands), the parent company of Saurer Spinning Solutions GmbH & Co. KG, Uebach-Palenberg (

Germany Germany, officially the Federal Republic of Germany, is a country in Central Europe. It lies between the Baltic Sea and the North Sea to the north and the Alps to the south. Its sixteen States of Germany, constituent states have a total popu ...

) and Saurer Technologies GmbH & Co. KG,

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(Germany). With this acquisition, Rieter completed the offering of ring- and compact spinning systems by acquiring the Schlafhorst automatic winder business. Additionally, Rieter invested in two component businesses: Accotex (elastomer components for spinning machines) and Temco (bearing solutions for filament machines).

References

External links

Rieter official site
{{Authority control 1795 establishments in Europe 18th-century establishments in the Old Swiss Confederacy Manufacturing companies of Switzerland Spinning Textile machinery manufacturers Companies based in Winterthur Companies established in 1795 Companies listed on the SIX Swiss Exchange Swiss brands