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Rieter to acquire Barmag from OC Oerlikon for US $ 868 million
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Rieter to acquire Barmag from OC Oerlikon for US $ 868 million
Rieter, a leading provider of spinning systems, has entered into a definitive agreement to acquire Barmag from OC Oerlikon, GmbH for a CHF 713 million ($868 million) upfront equity purchase price. The purchase values Barmag at CHF 850 million (US $ 1 billion) at a 6.3x EV/EBITDA, implied multiple before synergies. Barmag is a manufacturer […] The post Rieter to acquire Barmag from OC Oerlikon for US $ 868 million appeared first on Apparel Reso…
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