Acquisition Strengthening Rieter’s After Sales Business
Rieter Group, the world’s leading supplier of systems for manufacturing yarn from staple fibers in spinning mills headquartered in Winterthur, Switzerland, has acquired the French company, Petit Spare Parts SAS, effective January 5, 2024. The acquisition is set to strengthen Rieter Group’s dynamic after-sales business.
Petit Spare Parts SAS is a renowned supplier in the textile world for spare parts, yarn guides, spindles and belts, based in Aubenas, France, and will be integrated seamlessly into Rieter’s after-sales network spanning 25 repair service stations in 20 countries. There are no structural or organizational changes foreseen.
The acquisition is an ideal fit that will strengthen Rieter's Business Group After Sales, offering enhanced services and support to clients worldwide. Rieter’s after sales business develops, produces and distributes spare parts for Rieter machines as well as upgrades, conversions and retrofits.
This acquisition reinforces our commitment to excellence in the textile sector.Rico Randegger, Head of the Rieter Business Group After Sales
“We are thrilled to welcome Petit Spare Parts SAS into the Rieter family. This acquisition reinforces our commitment to excellence in the textile sector. Petit Spare Parts SAS brings valuable expertise to our Business Group After Sales, and we are confident that this collaboration will unlock new avenues for growth and innovation,” says Rico Randegger, Head of the Rieter Business Group After Sales.
As part of a globally recognized textile brand, we anticipate significant opportunities for growth and development.Vasileios Kalos, Managing Director at Petit Spare Parts SAS
“This alliance with Rieter Group represents an exciting chapter for Petit Spare Parts SAS. As part of a globally recognized textile brand, we anticipate significant opportunities for growth and development. Our commitment to delivering top-notch services remains unwavering, and we are eager to explore new possibilities and collaborations,” stated Vasileios Kalos, Managing Director at Petit Spare Parts SAS.