Date: 2025-09-23Category: Not ApplicableState: Union GovernmentCountry: India
CCI approves the acquisition of OC Oerlikon Textile Holding AG, Pfäffikon and Oerlikon Textile Inc. (collectively Targets) by Rieter Holding AG and Rieter North America Inc. (collectively Acquirers)
The Competition Commission of India (CCI) has approved the acquisition of OC Oerlikon Textile Holding AG, Pfäffikon and Oerlikon Textile Inc. (collectively Targets) by Rieter Holding AG and Rieter North America Inc. (collectively Acquirers). The proposed combination pertains to the acquisition of sole control of the Targets by the Acquirers. Rieter Holding AG, headquartered in Winterthur, Switzerland, is a global manufacturer of textile machinery and components, listed on the SIX Swiss Exchange under the ticker symbol “RIEN”. The Targets manufacture spinning systems, texturing machines, and non-woven solutions under the brands Oerlikon Barmag, Oerlikon Neumag, and Oerlikon Nonwoven. This was posted on 23 SEP 2025 6:50PM by PIB Delhi and the Release ID is 2170263. A detailed order of the Commission will follow.
Key Entities Referenced
Competition Commission of India: Indian regulatory body that approved the acquisition.
OC Oerlikon Textile Holding AG, Pfäffikon and Oerlikon Textile Inc.: Collectively referred to as 'Targets,' the companies being acquired.
Rieter Holding AG and Rieter North America Inc.: Collectively referred to as 'Acquirers,' the companies acquiring the 'Targets'.
Competition Commission of India
CCI approves the acquisition of OC Oerlikon Textile
Holding AG, Pfäffikon and Oerlikon Textile Inc.
(collectively Targets) by Rieter Holding AG and
Rieter North America Inc. (collectively Acquirers)
Posted On: 23 SEP 2025 6:50PM by PIB Delhi
The Competition Commission of India has approved the acquisition of OC Oerlikon Textile Holding
AG, Pfäffikon and Oerlikon Textile Inc. (collectively Targets) by Rieter Holding AG and Rieter North
America Inc. (collectively Acquirers).
The Proposed Combination pertains to the acquisition of sole control of the Targets by the Acquirers.
Rieter Holding AG is headquartered in Winterthur, Switzerland, and is a global manufacturer of
machinery and components for the textile industry. It is listed on the SIX Swiss Exchange under the
ticker symbol “RIEN”. The company develops and manufactures machinery, systems, and
components used to convert staple fibers (such as cotton) into yarn.
The Targets are manufacturers of (i) spinning systems used for manufacturing filaments and
manmade fibers, (ii) texturing machines, and(iii) non-woven solutions. The brands of the Targets
comprise Oerlikon Barmag, Oerlikon Neumag, and Oerlikon Nonwoven
Detailed order of the Commission will follow.
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NB/AD
(Release ID: 2170263)