Rieter completes acquisition of Barmag from OC Oerlikon

Rieter Holding AG announced today that it has completed the acquisition of Barmag from OC Oerlikon for an enterprise value of CHF 850 million plus additional earn-out components. The business of Barmag spans various jurisdictions, including Switzerland, Germany, Portugal, Italy, Turkey, India, China, Egypt and the U.S. The purchase price was financed through a capital increase (rights issue), bank financing and available cash.

Lenz & Staehelin acted as lead counsel to Rieter Holding AG. The team was led by Tino Gaberthüel and Simone Ehrsam (both M&A) and included Lukas Held, Arnold Romero, Marius Meier, Nils Maag, Andrin Scherrer (all M&A), Patrick Schleiffer, Patrick Schärli, Martina Pavicic (all Capital Markets), Marcel Tranchet, Sven Infanger (both Finance), Astrid Waser, Sandro Travaglini (both Antitrust), Lukas Morscher, Lukas Stephan Staub (both IT, Transitional Services), Peter Ling, Anna Züst (both IP), Anja Affolter Marino and Elena Nauer (both Employment).