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Germany-based maker of automation solutions for textile manufacturers, founded in 1947.
Rieter Automatik was founded in 1947 in Germany and develops automation solutions for textile manufacturing, designed to improve efficiency, reduce waste and raise production quality. It serves a global client base. CGS Management acquired the company in a deal finalized in January 2008, with financial terms undisclosed. In 2007 it reported revenue of USD 62.86 mn and EBITDA of USD 3.18 mn.
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