Rieter Acquires Barmag: Update on Acquisition Completion

Rieter Holding AG announced the completion of its acquisition of Barmag, following an ad-hoc announcement pursuant to Article 53 of the Listing Rules. The acquisition marks a significant milestone for Rieter, a leader in the textile machinery industry. This move is expected to enhance Rieter's product offerings and strengthen its position in the global market. While details of the transaction remain undisclosed, it underscores Rieter's strategic focus on expanding its capabilities and market footprint. The acquisition aligns with Rieter's growth objectives, aiming to deliver increased value to its stakeholders.