Oerlikon announced that the company has received all regulatory clearances for the divestment of its Barmag business to Rieter, with closing scheduled for early February 2026.
The transaction, announced in May 2025, values Barmag at an enterprise value of CHF 850 million (around $1 billion), excluding a potential earn-out of up to CHF 100 million.
Proceeds from the sale will be used to repay debt and for general corporate purposes. Financial details and impacts related to the closing will be disclosed in Oerlikon’s full-year financial results on Feb. 24, 2026.
As previously announced, Georg Stausberg, CEO of Oerlikon Barmag, will step down from Oerlikon’s Executive Committee at closing to join the executive committee of Rieter.
“With the Barmag transaction, we have successfully completed our pure-play transformation,” says Michael Suess, executive chairman of Oerlikon. “Oerlikon now stands as a high-tech leader in surface technologies and advanced materials. With our strong brands, leading technology toolbox and solid financial foundation, we are well positioned for the future.”
The company plans to continue leveraging its core competencies to expand applications, grow in key end markets and strengthen its regional presence, particularly in Asia and the Americas.
Oerlikon is a global leader in surface technologies and advanced materials. Winterthur, Switzerland-based Rieter is a supplier of systems for manufacturing yarn from staple fibers to spinning mills.
The post Oerlikon receives regulatory approvals for Barmag sale to Rieter appeared first on Professional Awnings Manufacturers Association PAMA.
Leave A Comment