CCI Approves Acquisition of Oerlikon by Rieter
The Competition Commission of India has approved the acquisition of OC Oerlikon Textile Holding AG and Oerlikon Textile Inc. by Rieter Holding AG and Rieter North America Inc. This acquisition grants Rieter sole control over the Targets, which are manufacturers of spinning systems, texturing machines, and non-woven solutions. Rieter, based in Switzerland, is a global leader in textile machinery and components.
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